We completely gutted and finished the basement including adding a kitchenette and 3/4 bath, moved out and are now renting both apartments.

My budget for the first property is $50k ~ $100k total cost (including rehab).

We have purchased many hud properties including numerous ones where they "countered" and we did not accept the "minimum net to hud" sometimes a week to a month later they accepted the last offer we had submitted.

My primary goal is to find the most cost-effective solution that minimizes tax liabilities, including avoiding property tax reassessment and maximizing the step-up in cost basis. 

I have multiple STRs across the southeast including in North GA and self manage those homes.

I recommend you include some of your key qualification criteria in the advertisement.

We specialize in managing single-family and multi-family homes, with a portfolio that includes properties in the Indianapolis market.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I wanted to start this conversation because I’ve seen too many investors (including myself) get into serious trouble due to a lack of cash reserves.

A few other houses (all single family houses) on the same street are on the market for rental and they (including my house) all get grouped and nestled under one cover listing as “units” of an apartment complex.