Kyler, call your a couple of insurance companies and get a formal quote so you can take this back to the seller.  

I know a couple of the Realtors on the team at Suncoast Property Management, Acquisitions & New Construction Manager, Gretchen Kornutik, REALTOR® - Good person.

There are a couple of unique tax laws to real estate investors - 1031 exchange, bonus depreciation on certain improvements, Qualified Opportunity Zones, real estate professional status, etc.Make sure that the accountant you interview to understand the above concepts.best of luck!

We looked at a couple different options as far as % downpayment and I figured I would refinance in the near future to help the payment get down lower.

I’ve been working exclusively in my local market since October and am excited to share that I already have a couple of deals under contract!

You can find some absolute MTR gems near smaller hospitals that aren't so obvious but ultimately, housing supply in the area is something I'd say is more important coupled with your amenities.

I've been analyzing a couple deals in the OH market recently to get some practice (my research tells me it's one of the few decent cash flowing markets).

Usually all you need is a couple really good comps to know how your property would do and that is easier to find with a paid version of Airdna. 

At the beginning of 2023, we see rates in the mid 3% range, reflecting in development starts slowing in 2023 and 2024 resulting in much lower net deliveries in 2025 and onward as rates continue to remain elevated and bank financing requirements remain tight.As you can see, this has put downward pressure on Vacancy rates, since the lower supply of oncoming units coupled with a continued expected population growth in the D.C.

Thanks Dennis, I think you're right that planning for a more conservative return would be a good idea.I re-ran my numbers at an even more conservative level:Lower ARV: $800,000Lower income levels (I'm assuming it will take a couple years to get up to full potential income, but giving myself 3 years was a conservative estimate):Year 1: 50k (NOI $1,000)Year 2: 80k (NOI $31,000)Year 3: 100k (NOI $51,000)My ROI numbers come out to:1% (year 1) 46% (year 2) 76% (year 3)This scenario seems like an acceptable risk to me, when the upside seems far more profitable.