Here are the airbnb links if that helps get a better idea of what I'm trying to describe.airbnb.com/h/treehouseyurtairbnb.com/h/yurtundertheliveoaksI had an investor ask me at what price point I would consider selling, that's what prompted me to dig a little deeper into determining what it is actually worth to a prospective buyer.

Make sure when the new hardware is installed adjustments are made if needed and repair any damage to door jamb. 

Class C and D areas/properties will always cash flow better on paper, but on paper things like extra repairs, turnover, evictions and such are often not taken into account. 

In a text book case you'd buy a property for half of its ARV (after repair value) and then spend 25% of ARV on rehab and generate 25% equity.

Additionally, transitioning certain activities, such as maintenance and repairs, to be conducted directly through the business entity could strengthen your position for claiming deductions.

Market might be competitive but there is angles to stand out depending on what you are comfortable and able to handle, such as waiving an appraisal contingency, limitng inspection rights and time frames, closing time frames, allowing seller to stay-post closing, taking on difficult tenants, buying properties that might need repairs, etc.

Budge for unexpected repairs.

Be conservative with your numbers – When using a cash-on-cash calculator, I recommend budgeting at least 10% for maintenance and repairs instead of 5%.

Purchase price: $2,800,000 Cash invested: $560,000 The property is a three-story multi-family residential building with six independent units, initially facing significant challenges due to poor conditions.Renovation Investment Summary:- **Structural Repairs:** $250,000- **Kitchen Modernization:** $100,000- **Bathroom Updates:** $50,000- **Exterior Improvements:** $100,000- **Holding Costs:** $50,000- **Property Taxes:** $30,000- **Insurance Costs:** $10,000- **Management Services:** $10,000

I do pay him part of the contractor fee upfront (even though I'm buying the materials) because he has to pay his crew promptly and I want him to have the funds to do that so I'm not running to the bank.