Investment Info:Single-family residence fix & flip investment.

What a lot of people suggest doing is going for the highest value spending the least amount of money possible.

The vast amount of damage is normal wear and tear.

My real estate agent handled that for me and I think it's very good to confirm the rent amount and security deposit.

: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.

@Martin Kim many of our clients invest in private funds that loan to fix and flippers as an example. 

The remaining 25% of the gross rent will be absorbed by vacancy losses and ongoing maintenance expenses.When using a lease agreement, the lease agreement amount must be supported byForm 1007 or Form 1025, as applicable, orevidence the terms of the lease have gone into effect.

Many HELOC or second mortgages are fixed interest rates and depending on the loan amount, even offer 100% online and no appraisal requirement for issuance.

The property is still your responsibilityBuyers will claim to sellers that they no longer have any responsibilities and that the seller doesn't have to worry about paying the mortgage fixing the property or taking care of expenses.

Flips (BRRRRs) take  more resources because you have to not only buy the house, but also have the money to fix it up.