This would be my single biggest piece of advice, as a rough location with little upside offers little margin for error.I sent you a DM to help out :)

I have taken the responsibility with running rough numbers for multi-million-dollar purchases.

Inventory has held steady around 5-6 months for some time now, with roughly 11% more active listings on the market last month compared to September 2023.

See map below.Mortgage MarketAfter a big move upward last week, average 30-year mortgage rates were roughly steady at around 6.60% this week.

You should know how to estimate rough numbers based on the amount of work the property needs.We do a 15-business-day inspection period on every property, which turns out to be 3 weeks.

Sharing a cozy moment at Rough Draft in Kingston :) We're planning to drive up and check out a few properties on 10/26-10/27.

All an agent should do for you is list the property to generate showings => to generate applications, that YOU then screen.Now, they may actually be asking you want screening criteria you want them to advertise, which is fine.Can't answer your question though, without knowing if this is a Class A, B, C or D property - as they will all have different criteria.Here's a sample of some of what we use in our Metro Detroit market:Class A Properties:Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties: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.

Quote from @Spencer Dixon: I've already lined up a property to purchase in 2025 for roughly $450,000.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

They should be able to give you an idea of what needs to be done vs. what can wait and rough estimates/recs for contractors.