For your summarized review: PITI came to $2100 monthly.

They instead focus on fully gutting their projects and install entirely new kitchens, bathrooms, fireplaces, accent walls, etc. and any exterior or mechanical upgrades necessary.While I understand this whole hog strategy, part of me says this will end up increasing the value of a home so far beyond other homes in the surrounding area that it wouldn't sell for what it's likely worth.

How did you add value to the deal?

Many homes are overprice but even at tax assessment value, the rental income is not meeting the 2% rule.Am I mis-interpreting this rule?

; what is market value? 

Then look up each company and vet them further based on reviews, time to call me back, etc.

So, we obtain a full credit report and review collections, chargeoffs, age of credit accounts, active accounts, etc. to build an overall credit evaluation.FICO ScorePct of PopulationDefault Probability800 or more13.00%1.00%750-79927.00%1.00%700-74918.00%4.40%650-69915.00%8.90%600-64912.00%15.80%550-5998.00%22.50%500-5495.00%28.40%Less than 4992.00%41.00%Source: Fair Isaac CompanyPublic RecordsWe also obtain data from national databases about evictions, convictions and sex-offender histories.

We just picked up a 8 unit in Fort Myers at the beginning of the year with value add opportunities.

Plus as they buy more, the price of gold goes higher making it harder for them to purchase and increasing the value of our reserves.  

That being said we have such a shortage of LTR that I see value in that building and maybe you can do a mix of LTR/MTR/STR and make the numbers work.