Were based on dubious and unproven speculation, assumptions and best case scenarios2.

Is  this based on one of BP's deal analyzers?

We are all in business and in that space building your investor base or client base is job number 1.

I have a C property based on age and condition that is in an A / B neighborhood.

Based on the numbers and my strategy, do you think this is a good investment for my first property?

If the work needs updates, that’s where it can add up, but $30K sounds like a reasonable cushion based on what you’re describing.It sounds like a solid deal, especially if the cash flow is good.

Note: We do 50+ investment property loans a month and the most important thing I tell BUYERS of properties being sold as or soon to be STR is make sure you are paying the market price per square foot and do NOT buy based on income approach/CAP rate.

Even if rents are trending up, if your tenant base can't make ends meet, the asset won't perform.

Basically, the further you get away from the city the more potential for cashflow, but you're also dealing with a different tenant base that may be tougher to manage.

I currently work remotely as a Manufacturing and Quality Manager for an AI infrastructure company based out of the Bay Area.