Property was about 7% under market rent and has a T-12 vacancy of 12% before acquisition.

Additionally, a sewer line repair usually results in vacancy and lost rent--even more lost money.A new driveway can easily cost $5k on the low end, and plenty of properties in my area have $15-$25k+ driveways. 

However, consider whether the upgrades will help attract higher-paying tenants or reduce vacancy rates, which might justify doing the work beforehand.

Critical features for me: calendar mgt, manage client communication, communicating with team (i.e. cleaners), supply/operations checklist per property, and vacancy reporting. 

Great advice, I found that the professional photos and doing the rehab slightly above the competition really seemed to help as I had almost 0 vacancy! 

Year 3 we achieved a 10% rent increase across the portfolio, but have incurred high turnover and vacancy costs.

We are local, so we try to accommodate requests to see our units, but realistically, with vacancy so low, it's hard to do showings.

I noticed I had vacancy in the column twice, so I reduced both to total 8% like you suggested.

The citywide vacancy rate is about 8%, which is on par with the national average.

But what I found ironic are:- Andy, who has been working full time in RE for 4 years, are finally going to make $50K passive annual income from rental (with a flawed net profit calculation that didn't income vacancy rate, maintenance fee); and he said after attending the $39,500 program, he paid total $80K--poor Andy didn't even make his initial investment back after four years and yet they are demonstrating him as a success case.- In fact, Andy is now a "trainer"--which seems to me, training is their stream of income, not real estate- Andy revealed that he found his deal leads through words of mouth; what's ironic is the instructor kept on selling the importance of the company's Elite Success Software and told us we can't make deal without itInstead of teaching something, they spent the whole third day (at least until 1 pm when I finally decided to leave) selling the program.