I'm impressed!!

(D) LASTLY is Pricing Strategy.   

What is the average annual appreciation over the last decade? 

I purchased a shell of a SFH last December in Philly through Maverick from ABC Capital for 43k with a 55k renovation cost separated into 3 draws.

: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+, 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, 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.

Just to give you an idea I only show 13 duplexes sold in both Richardson and Carrollton combined in the last year. 

First STR guest has booked for the last week of 2022, so we'll be able to place the asset into service for 2022. 

I’m the owner of a newer General Contracting company serving the area, we started operating in September last year.

We have started including disclaimers to property owners when dealing with water penetration especially on interior walls that can come in from the roof, the siding, windows, doors, etc.Generally if you're not happy with your PM you should trust your gut and try out someone else, but also keep in mind 2023 and 2024 to date have been the most difficult leasing years in the last 10 years nationally and especially in Philadelphia.

. - I realize that contest window was long closed, but I acquired this duplex last week and was shocked to find these rates during closing as opposed to listing which did not show that.