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.

Early in my ownership, a neighboring property owner approached me about purchasing a 6-acre sliver of my land that was undeveloped.

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.

Depending on the costs and a build to rent approach could work if you'd be willing to hold the properties as rentals. 

I did approach them about a year ago about getting $25k credit line per property, and the response I got was basically no.

However, i've never really seen the logic in taking those paths when you can just take the safe and slow approach. 

My question is, what's the best approach on getting this going.

It feels like there’s always a surprise—whether it’s skyrocketing material prices or finding something unexpected during the demo—that eats into the budget and profits.I know there’s always more to learn, so I’m curious—how do you approach rehab budgeting?

If either of these homes has been your primwry for anywhere approaching a year.

They would offer a more hands free approach, but eat up the profit in return.