My wife works for Ferguson, and I know many contractors, so I can get a lot of materials at cost.

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.

.: I’m currently renovating a rental property and exploring ways to manage costs without compromising on quality.

"the typical home warranty costs $450 annually, and only 25% of premiums are paid to homeowners.

I have found that they worked really well when it comes to getting better tenants and better rents, and having less hassle, less headaches, and then getting a higher sales price; without paying closing costs or realtor fees.

The cost is the same for a roof on a house that rents for $800 per month is the same as on that rents for $1800. 

I'm personally making my exit - I never did assemble a team (it costs money for one, then you need the manpower and time to manage it).

I've already picked up some great tips, like focusing on operating costs, using comps for ARV, and the unicorn-like nature of good contractors.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

@Jenna ChenHouse hacking a value-add duplex in Atlanta is a smart strategy to build equity while keeping living costs low.