They were already headed to FC, so in a sense they have nothing to lose...

Your job is to keep tightening it up (geographically and based on asset type) and meeting investors until you have a buy box that makes sense for you.There is also no point to running deals through a calculator if you are seeing them.

If needed add a minimum of 15kModerate RehabCan save at least two of the following- Electric, Drywall, Flooring, Plumbing (likely touch ups in the other two)Redo KitchenRedo Existing BathroomsNo framing or architect plans neededPaintFinish BasementAdd a split unit to existing duct work (prevent from tearing up existing plaster/drywall)*Think of a grandma home that does not have knob and tube and has been on top of roof/windows so we aren’t as worried about mold/water damage*Light RehabComps do not need a finished basement or basement is finished to comp standardComps do not need HVAC or you can just add split unit to existing ductworkKitchenBathroomFloorsPaintNo major rehaul of mechanics needed (aka do not need to rip out walls)LipstickPaint, Floors, appliances in the most basic sense ARV Range Full Gut Moderate Light Lipstick +450 (A+) 150-300 N/A N/A N/A 380-450 (A) 90-120 70-75 N/A N/A 270-400 (B/B+) 85-100 60-70 N/A N/A 210-270 (B-) 75-80 60-65 45-55 N/A 170-210(C/C+) 65-75 50-60 40-50 15-30 140-170(C-) 60-70 50-60 35-45 10-20 120-140 (D) 55-65 40-50 25-35 5-15 Philly Neighborhoods Breakdown:A+ : Obvious Prime Real Estate.

Wish you the best.If I was you, first step is evaluating costs associated with doing MTR and comparing with potential rental income to see if it makes sense to do LTR or MTR.

I need to defer or lower our income as much as possible for my age 64.At age 64 a cost seg makes strategic sense, take the deduction now and not over 27.5 years, or 39 if commercial.

Advice is for you to do this for another 5+ yrs to go through some real ups and downs to get a better sense of realized cash flows (net turnovers, evictions, capital events, etc). 

Frankly, it’s absurd.But don’t just rely on common sense.

Post '08' people had the luxury to analyze for "cheap" vs the pre-'08' pricing and feel a sense of security in there current price acquisitions. 

You will pay for the higher risk with higher rates and origination fees but if the deal makes sense then congrats.

For rentals, would a single floor or two floors makes sense?