Told them to do a drive by and call me back with an offer :)The person who called you probably just spent $15,000 for mentoring and “education”, and is now in panic that his 250 cold calls have not produced anything .  

I would probably waive the few days of February rent.

Plus the mortgage company probably calls the loan, and if you can't pay it off then you can lose the property.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases: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.

I realizing the duplex conversion strategy is more complex I probably wouldn't try it on my first property, just want to get a sense of what's possible in the Chattanooga market :) Thanks!

Thanks for "the ugly" part - I'm probably convinced not to do this-

If they are nice enough for AirBnB, then you are probably ok there as well since the stays will be short. 

Ohh but wait most of you on here all probably well off and can afford to help out a relative.The other issue with SCI is that when they first took over their maintenance of the park was poor at best (snow plowing, grass mowing).

You can find profitability most anywhere - probably even in your own backyard.  

This was probably a result of the busy November for new contracts.