Are there any creative ways you’d recommend for me to identify and approach motivated sellers or uncover foreclosures?

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.

Research the options available, compare their benefits and risks, and decide which approach aligns best with your goals and preferences.House hacking is a great start.

Sometimes, the more old-school approach like posting on local community boards can help you find reliable tenants.

However, very glad that we pivoted to mid-term rental approach around $4,500 to $5,000 that has helped address vacancy.

When it comes to assessing maintenance costs, one of the best approaches is to request itemized breakdowns for larger repairs.

Focusing on A-B areas and taking a hands-on approach definitely helps with maximizing cash flow and equity.

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.

I want to reach out and get feedback on where I would be able to find off market self storage facilities and how to approach the owner?

Does this approach seem reasonable, or am I undervaluing the property?