For our clients, we separate repairs into catergories: 1) Health & Saftey - highest priority to avoid lawsuits2) Property Preservation - don't want a $500 water leak repair to become a $5k repair later3) Government Required - for city & S8 inspections4) Marketing Negative Impact - who wants to rent a "purple" house?

Is this a market better suited for single family LTR or mulitfamily?

Can I also charge him rent till I find a suitable tenant ( I intend to aggressively market the unit)?

We also try to note everything wrong that is readily visible and then categorize each issue as:1) Health & Safety2) Property Preservation3) Marketing Negative Impact4) MiscellaneousThis can help owners make better decisions on which repairs to prioritize, especially if they have a limited budget.

My markets are North ATL, Greenville, SC & Spartanburg, SC. 

I concur with @John Underwood's logic and agree with @Kevin Lefeuvre that Airbnb's solution works better (at least in my market).

This works if the long-term market rent received on an appraisal can support the DSCR and you are buying vacant.

But this has been going on for years where some pull out and others enter the market.

Do that in your post and ask what are you missing before deep diving and looking for numbers or marketing analysis.  

Hi all - I am looking to expand my portfolio in LV and was wondering what people were buying in how the market is today.