I haven't bought a deal or anything I'm still saving up, I'm at 25k I'll hopefully be ready to buy in the next three years, otherwise the city I'm buying in is Barrie which is generally a great appreciation market, I've got two brothers Chris owns two rental properties and Ryan just bought his first partnering up with my brother chrises second deal, so I might partner up for my first deal I don't know yet tho depends on what my brothers want to do.when shopping properties I do remember from the book you shouldn't buy properties based off cap rates but im wondering at the beginning do you first skim this information say the property is listed at a 6% cap rates which is common in the Barrie market would I then would go walk the property and see if things are viably ok, once I believe it's resdy for a professional inspection I'll get information about deferred maintenances mainly capex based off what I need to repier I'll be walking the property with the professional and I guess he'll give me a rough cost of How much everything that is needed and when I need to get the work done due dates, also I don't know how to calculate how much I should set aside in monthly terms after I get the required information from the inspector I'll be doing this for the first time, if the pure cash flow is incheck  I believe usually NOI is usually around 60% including appreciation and mortgage income andone going deferred maintenances around 35-40%, now I'm ready to make an offer?

I have significant anecdotal evidence for this, though I wish I had a crystal ball.With students, "less desirable" usually means kids who can pay a little less than the $1100+/bed being charged in the larger buildings.

Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

Each company usually works with different brands, so I would find out what brand the company works with.

These deals usually have better terms, but brokers still shop them around to multiple buyers, and they move fast.Another way to find deals in this category is through WhatsApp groups with wholesalers.

The problem is that we need to be careful with the word "passive" because it has a very specific meaning in the tax law, and it is not intuitive.For example, losses from rental properties are usually passive but not always, there are some exceptions.

In my free time, you’ll usually find me working out at the Y or hiking with my dog, on one of Nashville’s many trails and greenways.As a CPA with over a decade of experience in corporate finance in the insurance industry, I understand the financial side of real estate inside and out.

You rent to these people knwing their past history and something bad happens, and you will be on the hotseat.As I understood your first post, you are a fun-seeker, looking to move towards your goal....adding significant risk like this may/may not help you move faster, but the downside is the risk.Chasing the almighty dollar as a primary course of action is usually a not-smart move....take it easy, take it slow and chase fun.

So, that usually means the investor is working with their own cash or a hard money loan. 2.

They're also often not familiar with the local area (people tend to find listings for large buildings first and if they're new to the area they're usually more comfortable with large buildings).