Challenges?

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

It's a smart move to explore this option for wholesaling owner financed deals, as it can help you work around the challenges of selling to an investor or end buyer.

House hacking with two toddlers must have its challenges, but it sounds like you've navigated them well. 

Given that most of the homes in the zip codes you mentioned tend to need more work, its imperative that you have more cash in hand to handle those renovations and updates. 

With your experience and track record, 20% equity seems fair, especially since you're bringing a lot to the table in terms of finding the deal, managing the rehab, and handling the buy/hold. 

Hello BiggerPockets Community,I'm embarking on an exciting journey to acquire and renovate a duplex from 1900, aiming to tackle the inherent challenges of outdated insulation and the lack of modern vapor and air barriers.

Challenges?

Totally agree with Greg's advice above with regard to studying your lease clauses and challenging anything that doesn't seem right. 

On the other hand, C-class areas present the possibility of higher cash-on-cash returns due to lower purchase prices and the potential for gentrification, although they also face challenges like higher vacancy rates, tenant turnover, and increased maintenance needs.