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.

However, my true goal has always been to develop, buy, and manage real estate—something I’ve dreamed about since I was 12 years old.

Have you taken the time to sit down and reflect on last year and how you did compared to the goals you set for yourself in 2024?

Lastly, what’s been the biggest surprise about being a landlord so far?

Verifying last 2 years of rental history very important!

Lastly - why?

.$300k cash flow in 20 years is an ambitious but not unrealistic goal. 

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.

What are your goals for 2025?

The last part is where results happen.