And What other conditions/terms/costs do you calculate when underwriting the potential of a deal?

Also, make sure the property's condition matches what you're willing to take on, or that the numbers work for you.4. 

Ensure that the cash flow from short-term rentals will cover your expenses.Ultimately, it depends on balancing location, property condition, and cash flow goals.

RE is always changing and if you have only one niche then well your limited in opportunities and subject to the conditions that exist at the time for that strategy.  

Is anyone out there willing to be boots on the ground in Cleveland particularly old Brooklyn to check out the condition of a property?

.👀 Risk ManagementBoth investments require risk management:Stocks: Company performance, market conditions, economic factorsReal estate: Property maintenance, tenant quality, local market changesBut guess what?

Now we're seeing investors pouring money into buying Class C rentals - but, many are getting burned.In our experience & opinion, the main determinant of property Class is not location or even property condition, those are #2 and #3.

Determine what type of property you want to buy - What Zip code, what condition homes, price range, etc.Contact 3-4 realtors that helped buyer agent buy the type of homes you are looking to buy.Then go with the 1 realtor that you connected with the most.

Foreclosure auction buyers cannot walk the property and have no idea of its condition.

I think ultimately, one thing I've learned is how quickly economic conditions can change.