Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Listing your property there ensures visibility.Build Relationships: When agents reach out, respond quickly, highlight your property’s amenities, and showcase your flexibility to meet displaced families’ needs.Highlight Insurance-Friendly Features: Emphasize features like flexible lease terms, utilities included, and a fully furnished setup to attract insurance placements.This approach has helped me successfully market to insurance companies.

If you approach the conversation by first finding out their goals, then you can back into a strategy that will work for the both of you.

That's why appraisers do the comparative approach and then secondarily the cost approach.So far, 100% of the time you don't get dollar for dollar back from what I've seen.

This approach ensures realistic pricing and helps avoid unexpected costs later.Good luck!  

Most who struggle with construction approach ground up construction using a generic cost per sq ft analysis which often backfires. 

@Melanie AlzugrayInvesting in a resort you and your family enjoy is a fantastic approach.

And a SUSTAINABLE approach to rental property ownership. 

Your focus on the Dallas market and Fix and Flip projects sounds solid, especially with the DIY approach and having an interior designer on your team. 

What approach is correct?