Quote from @Giacomo Matthew Degl'Innocenti: I very understand your speech but it's hard to believe the tenant has nowadays became invested of a far bigger responsibility than the landlord in making it possible to be having depicted an accurate profile also because is the landlord indeed who's on the business and receiving the money.Thanks your intervening here though  There is zero logic in any of this. 

Out of the 50 addresses zero will probably be interested in selling so it's a numbers game before you find the one. 

It had zero affect on me as the buyer

Every investor  has a different risk tolerance, comes from a different financial situation and has different financial goals.

Transitioning from builder’s risk to a regular property insurance policy might be the way to go if the sale takes longer than expected.

.- Kids Toys:  We advertise to families and have another 2xKallax cubes full of toys that won't break and are tolerant of missing pieces, but are easy enough to cleanup:  lincoln logs, blocks, hard animals, stuff like that.   

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

But I also don’t know of any appliance shop with no return policy.

: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.

That is a 3.4% cash on cash return in year one (7903/232000)Year 2, reduce 7903 by 5592 because there won't be property tax break so that is $2311, or 1% c/c return in year 2 (2311/232k)Year 3, reduce the $2311 by $4930 for PM fees for a net loss of -$2619 per year or a -1.1% c/c return in year 3 (-2619/232000)Essentially, these numbers are so far off of pro forma and there is pretty much zero wiggle room on these numbers.