Ultimately, it’s essential to consult with your lender to understand what’s best for your long-term goals and costs involved.

CA maybe as high with their EIR requirements that cost 250k to 500k just for the EIR reports.

.✅ This avoids wasting time screening unqualified tenants.3) Before Lease Signing (Final Step)✅ Run the background check before approving the tenant, so you can verify:Credit history & income stability Eviction & rental historyCriminal background (if applicable in your state)Final ThoughtThe best time is after the showing but before lease approval—this ensures you’re only screening serious applicants while minimizing wasted time and costs.

My budget for the first property is $50k ~ $100k total cost (including rehab).

Hi Chris, As financing costs will be a big factor in determining profitability, you should be asking HMLs for proposals to fund. 

So, if a tenant broke a window and it cost $300 to replace, you can simply add that bill in apartments.com and that way its all tracked where everyone can see it and track it. 

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.

I am doing my best to accommodate and fix the insulation as well as see if there are programs in place to lower the cost. however i want to be firm with tenant as they are not compliant with paying rent because of the cost of the utilities.

Most DSCR programs will want you to have owned the property for more than 6 months to allow you to use appraised value instead of cost.

Rentrange costs the manager to run each report, so as long as you do not abuse it or send the PM 30 properties I would help you.