Focusing on A-B areas and taking a hands-on approach definitely helps with maximizing cash flow and equity.

I tracked the owner down and approached him at his Jewelry store.

Plus, I’ve put together a comprehensive guide to walk you through the process step by step.What’s your biggest challenge as a new host?

@Shaun OrtizEvaluating distressed properties remotely can be a little challenging but it's doable with the right tools.

Hi Jonathan,Congrats on your first big renovation deal—it’s an exciting challenge!

And a SUSTAINABLE approach to rental property ownership. 

These methods include: Detailed Engineering Cost ApproachDetailed Engineering Cost Estimate ApproachSurvey or Letter ApproachResidual Estimation ApproachSampling or Modeling ApproachExperience or “Rule of Thumb” ApproachIt’s important to understand the differences between the approaches including which one best fits your property and the reliability of each approach.DETAILED ENGINEERING COST APPROACHThis approach compiles the costs from construction and accounting reports to build a report.

I want to work with great people, build long-lasting relationships, and help them grow their wealth while doing what I love.Here’s where I could use your insights:Raising Capital: What’s the best approach for attracting investors who are interested in partnering on real estate development and redevelopment deals?

We approached them a year into a five year owner financing and asked them if they were considering cashing us out as well.

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.