I have personally witnessed the success of this approach.

If they are wanting an even more hands-on approach, then i would refer them out.

Need to be sure you include the "unknown budget" and never take the optimistic approach as it is better to have money left at the end than writing more and more checks that were unplanned for.Again, if you can walk through an actual property and compare notes with someone that does it in your area (key factor), you will be way ahead of what a generic book can give you.

Exploring other options like Appfolio or Apartments.com which might offer the balance of support and functionality you need, is a sensible approach.

It has been profitable for us but competition has risen in recent years so we continually work to refresh our places and marketing approaches.

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.

Investing does need to be approached more like a business than just a simple stock trade.

I concur on the Section 8 approach  and don't forget the complete background check.Stop the bleeding first.

I know they’re an essential tool for analyzing a property’s financial performance, but I want to ensure I’m approaching them correctly.Could anyone share examples of what a good T-12 looks like or highlight key items I should make sure are always included?

I had a very pleasant phone conversation with Bob (SVP of Praxis) a few days ago and his knowledge and approach was aligned with how I operate.