Rates too high, I couldn’t rent to cover the cash out of $400k+. 

That seems a bit high?

In their favor:As homeowners and landlords they should be more reasonable and take better care of the place.Steady income with SSI and willing to hustle when they need more.They are motivated to make it work, offering more and reasonable concessions.If there is no carpet there would be less impact by dog or bed bugs, if either go worst case scenario.Not in their favor:They may be renting as a temporary situation until they can find where they really want to live long term, so they may not be a long term tenant.They are not familiar with the neighborhood, other than school district quality, so they may not be a long term tenant.What I would look at more:How long have they all lived at previous addresses?

Looking back on them, they are mostly all geared towards using OPM and how to market for notes and a very high level of getting into notes.

: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.

The high rate of electric vehicle charging installation and solar installations are making these kinds of electrical parts hard to find. 

It is highly advised to keep learning continuously as the real estate industry is constantly evolving, and staying updated is crucial.

Any feedback on this deal is highly welcomed. 

If you don't already own a primary residence, I highly recommend researching the investment strategy of house hacking.

I've seen some decent multifamily deals there, but not a lot in NOVA mainly due to the high price points.