An approach that we use is to provide value to the homeowner - especially to distressed homeowners.   

Through my experience, I’ve cultivated a conservative approach that balances opportunity with risk management that I apply to every deal that crosses my desk.

.📊 The 24-Hour Results:✅ 695 New Contacts✅ 100% Email Open Rate✅ 15 House Tour Requests✅ 2 Applications Submitted🔥 The Strategy: Livingsmith Partnership Database ApproachOn Friday, January 24, 2025, we launched a simple but highly effective outreach approach to attract potential tenants and partners.

I wish we would have started with that approach originally when we began our journey, but it's never too late to get started.

This approach would allow me to learn with each deal and minimize initial risks.2️⃣ Go Straight to Multifamily: Instead of starting with SFHs, I could spend time learning the multifamily business and go directly for a 20+ unit building, maximizing scalability from the start.I have no experience with either strategy.If you were in my position, which strategy would you choose and why?

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

The national debt is approaching $36,000,000,000,000 if the government numbers are to be believed.

Residential property rental: Could this be a scalable and profitable approach, or is it too risky?

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

It's a very competitive market there.I think your 203k approach will likely be a leg up in deal hunting as you'll be able to take on an investment that needs a bigger scope of work while others might be looking for a more standard value add situation.let's connect. i'd love to help however i can