How long are you planning to do this approach?

This approach avoids downtime and lets you start earning right away.Future Bookings:Taking over bookings can get tricky since Airbnb doesn’t allow direct transfers between accounts.

One of the best resources I’ve spotted for honest property management feedback-beyond scanning Google-is checking local Facebook investor groups and seeing who people recommend.Anyway, Ethan, since you’ve done a bunch of data crunching: have you or anyone else revisited these numbers more recently, and if so, how have shifting mortgage rates or local employment trends changed your approach?

That remodel is going to take both time and capital, so it’s a key part of my plans as well.Would love to hear how others are approaching similar goals—anyone else tapping into equity or gearing up for larger projects?

The idea is to find a pocket or neighborhood that offers the right combination of estimated ROI and rental demand, giving a balance of cash flow and tenant demand.In my view, this approach provides a more reliable signal of demand than relying solely on pricing adjustments or short-term market trends.

the investor may or may not seek to redeem the rights up to that point. i can't get them at this point.and who knows when the judge will approve the sale.now, of course, i regret not approaching the owner for the redemption rights prior to the sale being approved. 

Supplement this far simpler entity approach by ensuring you have appropriate types and levels of insurance, you operate your business in a manner in which your conduct is not considered an exclusion in your policy, you work with licensed and insured vendors, you execute contracts with indemnification clauses with these same vendors/ require additional insured status &  maintain appropriate licensing and permits.

As an agent who has worked almost exclusively with investors for years, I almost automatically take the approach of saying “no” first.

Your specific variable expense assumptions are wrong, BUT you stumbled into them being correct overall.Also, you are approaching this correctly - entering in the numbers to generate a purchase price that meets your metrics:)

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.