Once completed, the goal is to get them rented and then pull money out of each house to build a high performance spec.

While metrics like square footage or price per square foot matter, the number of bedrooms, bathrooms, and overall location are often more critical for attracting tenants.Engaging a property manager early on can save you from costly mistakes and help you invest in properties that perform well in the rental market.

There is certainly a strong correlation to credit score and tenant performance.

All 3 are low due to the low vacancy, but evictions are also low due to the difficulty in performing evictions

Put together a spreadsheet and compare the performance of the subject property if you keep renting it as is for the next 10 or 20 years versus if you rehab and refinance.

Or are they performing some sort of arbitrage and they are not the end buyer.

Performance is solid.

I’ve invested relatively small amounts in “flyers”, and because the invested amount was small in relation to my overall portfolio chose not to perform a thorough due diligence.  

You have a “full” package including property(s) identified, acquisitions under contract, appraisals performed by MAI appraisers, historical financial statements, pro forma projections, surveys, title reports, feasibility studies3.

And, past performance is no guarantee of future results.