CAC, although I do think the Baltimore summers require some sort of AC. 

Still has window units for AC, so I'll probably try to get CAC installed. 

I wholesale and have completed a single family residential flip, but this is massive compared to the flip.The property is in a bad area (but directly across from the high-school) so I am not too worried about location.The numbers work and I think once I refinance I should be able to generate ~18%+ CaC and tie up an amount of equity I am comfortable with.

With rates being high and having PMI, this is what pushed me to lean 20% vs. 5% or 10% because I would get much higher cash flow, and seemingly CAC returns as well. 

Our first year goals were to break even and grow from there and the CAC data was showing 10% or higher with using a management company. 

As someone else mentioned, you don't actually have to have a CAC or DD-214 to use those, so you might get civilians looking. 

@Joe Johnson Are you purchasing the property as an LLC if so I cac recommend a few lenders?

I'm looking to optimize more for CAC vs. appreciation for the first few pieces in the portfolio, interested in some of the other peoples strategies in the area. 

Especially since we're adding two zone CAC/Heat, adding more outlets to bring it up to code, and adding light fixtures in a few rooms that didn't have them in the past.

I'm willing to work with off markets deals. so yeah, please dm me if you have and would be interested with any good turnkey(I can accept some TLC types). 20% cac returns can be tough. but with appreciation and cac returns I have seen 35-50% returns on my previous deals.