I should probably focus less on the highs and lows and aim for that average ARV per location and what buyers/renters are looking for. 

I added value through great management and a focus on delivering an exceptional guest experience.

Why focus on assumable as opposed to working on Sub2 deals? 

Renting could allow you to focus on paying down debt and saving for a larger down payment, while buying now could help you start building equity or even generate passive income through house hacking.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Rather than focusing on physical renovations, we maximized value by structuring the deal for a rapid turnaround.

I’d rather focus on my Dallas properties for PadSplit without having to worry about running afoul of the city.Thanks,James

We’ve worked together for about 2 years now, and he is focused on the operations side of the business.There are many solid sponsors and operators in this asset class, some newer than us, and some older – and quite a bit of new money coming into this space (part of this is where we are in the market cycle, and other asset classes being overpriced like apartment buildings).I’ve personally had several conversations with @Jefferson Lilly (and met him at a conference), and he knows the space well.

I focus on mid-grade quality items that are durable and pleasant to use yet not so nice that people are tempted to swipe them and are then expensive to replace.

If you're already showing losses, focus your energy elsewhere!