Take ownership of your mistake and learn to do the proper due diligence recommended above😊

When the installers came they should have said, nope, this can’t be done.

Up north the gas company will install additional meters for a very low cost, usually hourly billed time for the work and possibly low cost equipment.

They instead lack the skill to do a proper bid.

We’re looking to install a property management firm within the organization as a way to generate steady income and keep operations running.

I underestimated utilities in my early years, so I ensure those are properly captured (electricity, gas, water and trash).

Address potential risks by explaining strategies like maintaining emergency reserves, purchasing proper insurance, and conducting thorough due diligence.

So if I understand correctly, RWN brought shady deals to their investors, watched them invest without proper due diligence and investors got screwed?

It sounds like the proper expectations weren't set when you took them on.

: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.