To better project growth rates for the next five years, we should examine the pre-COVID period from 2015-01-01 to 2020-03-01.

If substantial renovations or capital improvements are made in later years, those improvements may qualify for new bonus depreciation.3.

You can also hold money for maintenance, capex, taxes, insurance, or other projected expenses.

I would be willing to do some value add component/renovations.

@Paul Cijunelis  thank you for this response Paul, well I firstly got interested in CRE when one of my high school teachers told me about how he does it and that kind of started my interest, I really love CRE because I've noticed it's a very lucrative and risky business like high risk high reward, but not just that I really love seeing a bunch of properties being brought back to life with renovations.

The art is in accurately projecting numbers, which is notoriously difficult.Forget complex investing strategies as someone new to RE. 

Quote from @Michael Smythe: @Jerry NoguerasRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

The cheap markets generally project poor rent growth. 

I was thinking about getting the property, renovating it, and then cashing out 80% of the ARV to get some of the money back.

Hello, To all my permit expediters and all other contractors, how do you all go about finding leads for projects?