I am re-running numbers to see how badly I did on this first one haha, but thankfully been able to cover the expenses with my own cash.

If seller let roof warranty expire or not keep it up then typically try to get a credit from the seller at closing to cover future roof maintenance.Whether a roof needs lots of maintenance depends on if it was installed properly and how many trees are around it.

In my experience these are the levels of how financial fraud is doneLevel 1 - The “sponsor” is a fraudster from the beginning and the entire investment is a designed fraud designed to steal the investor's money Level 2 - The sponsor initially intends to operate legally and honestly but the temptation of easy access to money, usually fueled by addictions to drugs, sex, partying, etc. leads to the bad decision to line the sponsors own pocketsLevel 3 - The sponsor intends to operate legally but a crisis in their life resulting in a need for money leads the sponsor to “borrow” from investor’s funds with the full intention of paying it back ( which they are unable to do).Level 4 - The sponsor intends to operate legally but the assets under their management incur substantial loses; the sponsor attempts to cover up these loses by “temporarily” borrowing from one investor to pay another or submitting false results.

So depending on how much 2% is I'd wait until I had equity in the property to do it and cover costs so I could if needed roll in points. 

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, many blemishes, but should have no evictions in last 2 years.

Even when we try to simplify by going through County versus City, there are still nuances that you'll want to make sure you cover before you move on your decision.   

I put out a monthly newsletter specifically made for investors that covers multifamily and rental stats and trends. 

Far from covering your negative cash flow but covers half of it and is a good indicator of future rent growth.2.5 years ago i purchased my first negative cash flow property (but for years i claimed I would buy a negative cash flow RE if my underwriting showed a return that met my criteria) and it was a lot more than $800/month negative with my underwriting (which was quite close to 50% rule).  

I would think Realtors do more than what is covered in studying for a license.

Homeowners policies dont cover vacant properties.