However, since I am NOT an expert in everything I assign a value for how confident I am in each estimate and use that to generate a LOW and HIGH estimate value.

If positive, it's generally treated like income or offsets the liability for that property to $0; this is highly dependent on the circumstances.

Think about what renters in your target market value most, such as green spaces, community centers, or high-speed internet access.BTR is a rapidly growing sector, and careful planning of these factors can help ensure your project is successful.

Take for example the lack of productivity where construction projects often experience time and cost overruns, rework or quality concerns. 

Professional staging, virtual tours, and high-quality photos can help them envision how the space fits their lifestyle, whether it’s for entertaining, work, or family.To overcome the “biggest house in the neighborhood” concern, shift the focus to its uniqueness and lifestyle potential.

I now currently work for a PM in Milwaukee that has the same focus as you, to provide quality property management and we have prioritized quality over quantity as we have grown our business.

However, we typically use the FHA-203k loan because it involves a renovation, which I highly recommend if you are looking to really boost your equity and have the cost of the renovation wrapped into your loan with a VERY LOW AMOUNT OUT OF POCKET.I like the FHA loan, but honestly, the Fannie May Home Style is an even better product at this point because you just have to bring a bit more cash to the table 5% vs. 3.5% (w/ FHA), but you have a bit more flexibility.  

Not that that means anything good or bad :-) But if you want high quality genuine coaching about investing in Philly and at a reasonable rate, I can  connect you with a wonderfully savvy, professional investor who does coaching.

Existing mobile home parks are in high demand for all investors large and small.

Even if this is a high income, no delinquency type property, tenants will be much more open about condition of property than seller.As for P&L, I would say it is not as simple as just reviewing a P&L.