The property can only be vacant for so long without notifying insurance so when the prior tenant moved out could be impactful here.

@HaiderFord is also talking about the impact on Memphis.Here is an article Ford put out 12/24https://fordauthority.com/2024/12/ford-blueoval-city-set-to-...

This section should outline the process for documenting and approving changes, as well as their impact on the budget and timeline.

That it can impact your 5 star review more than what you can charge on a daily rate.

Your response also got me thinking about how this classification might impact the appraisal if this is not a mistake.Rick 

I want impact- where I can make a difference for people, community, etc. 

It wasn’t on the market but was perfect for a long-term rental strategy.Legislation Impacts. 

The project was budget-conscious but impactful, ensuring the unit is ready for future renters.Reflecting on 2024: Wins, Challenges, and Lessons LearnedLooking back, my first year as a landlord was a crash course in property management.

@Jeff SkinnerRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

While they are the obvious ones, they are much less impactful to building a solid partnership.