Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

REI approach is easily scalable.    

My favorite approach is attending networking events since they offer a great mix of agents and professionals. 

What approach is correct?

@Timothy Frazier I wouldn't use the word bad because if that is the route needed to acquire a piece of property then mission accomplished however you are stacking the deck against yourself with this approach.  

Originally posted by @Joe Kim:There are many ways to approach this difficult task of convincing a owner or landlord to rent to you as an investor ONLY to sublease (aka Master lease) the home to furnished short-term rental.#1 NUMBERS GAME:  It's not easy.   

The property will be strictly for investment purposes, not a primary residence.I’ve been looking into two potential financing options:Hard Money Lenders (HML) – I’m drawn to this option for its speed in closing, but I know the rates can be higher.DSCR Loans – This seems like a great option for long-term rentals, but I’m unsure if it’s the right fit for my auction property since it might need some rehabbing.I’m also considering purchasing through a land trust or an LLC to add a layer of protection and privacy.So, my questions are:What’s the best way to approach financing for auction properties?

I am not a huge fan of them personally as they are PE investors and have a very, very narrow view of the industry and how it should be approached. 

The other thing I have done especially if we are approaching winter months is just tell the insurance company that we will have them done in spring.

A HELOC felt like the right approach, but I'm learning it's pretty impossible to find a lender for my situation.