If you have a older home that has never shown signs of foundational issues, and it has a new(er) roof, electric, plumbing, HVAC, hot water heater, etc.

Long story short.. they inflated rent projections, sliced corners on property management, and almost left him holding the bag when the actual numbers came in.Vetting a syndicate means getting cozy with the sponsor’s track record, verifying their underwriting approach, and understanding whether they’ve handled rough waters before.

Check for cracks in the foundation, condition of the mechanicals, any water coming into the basement, etc. 

Other low-cost amenities that can boost ROI include a coffee and tea station with basic supplies, a welcome basket with snacks and water, or small outdoor games like cornhole.

My belief is that arcade, pool tables, etc. would provide a different experience and might be more likely to rope in the whole family.I initially wanted to bring over my modded PS2 with a bunch of games, but I've heard horror stories about doing that. 

The snake behind the water heater during rehab. 

I hope you or someone is at least keeping an eye on your properties for break ins, squatters, roof leaks, temperature control, frozen pipes (if in cold climate), if you have a basement and sump pump goes out leading to water damage etc.I just talked to two investors in California that have let their properties sit vacant (no mortgages so paying property taxes and insurance).

: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.

Transfer the water meter to their control. 

Think of all the horror stories about tenants maxing out the heat with their windows open during the winter, deliberately running water bills up, etc.