I also said the owner can give a $6k credit at closing if they want to make it my problem & id take $2k to the tenant and ask them to sign a notice of immediate vacancy and they leave.

Homes are due to be demolished because of prolonged vacancy and absentee owners/ property maintenance.

First Book CRE FOR DUMMIES by Peter HarrisSo walking into the first book I had an idea of the big picture but was reluctant to go the syndication route which is to pool together investors to raise capital to attain an asset.The book “Financial Freedom With Real Estate Investing by Michael Blank. opened my mind to get funding and partner up with like minded investors.I’ve been researching market trends examples job growth, new construction, vacancy rates, entry cap rates, median rents and median price per unit. 2018,2019,2020 in all categories.Also focusing on market cycles and closely analyzing the states that fall in a Recovery Phase & Expansion phase 1 &2.

First Book CRE FOR DUMMIES by Peter HarrisSo walking into the first book I had an idea of the big picture but was reluctant to go the syndication route which is to pool together investors to raise capital to attain an asset.The book “Financial Freedom With Real Estate Investing by Michael Blank. opened my mind to get funding and partner up with like minded investors.I’ve been researching market trends examples job growth, new construction, vacancy rates, entry cap rates, median rents and median price per unit. 2018,2019,2020 in all categories.Also focusing on market cycles and closely analyzing the states that fall in a Recovery Phase & Expansion phase 1 &2.

Also I would be conservative with expense estimates usually around at least 35% of rents for vacancy, capex, maintenance, management, although that will be building specific depending on age/condition of the major expense items.

Others like vacancy, repair costs involved more research, but all of the costs can be estimated. 

What does the policy say about vacancy?

Given our demand when we have vacancies, I think we'll be able to rent them out. 

In my experience, any boost you'd get in furnished rent is not terribly significant compared to the potential for a longer vacancy, and the hassles furnished rentals entail.Two other things I'll note.

It was great for us because we could afford the mortgage payment during vacancy (while we were getting the property prepped) and we also knew that if the home needed any major repair, it wouldn't be so extreme that we'd go into bankruptcy.