It is not like your product line gets banned by the government or your company is bankrupted.

Our pet deposit is non-refundable which is what I generally would recommend (assuming your state and local laws allow that).

This is one way to manage costs risk.The ways to own the property besides FHA & conventional loans is with private loans, investor DSCR loans (non owner occupied); seller financing, lease options, partnering with others to take the property down..... 

- Value add - How much does it cost to convert Non-climate controlled units to climate controlled units? 

The only way to make money in bad neighborhood through LTR is either getting the government benefit or running it as a slumlord.

regarding roofs  pray for hail storms and then replace .. in those type assets that are really priced for cash flow.. values will rise only when rents rise.. as non of them will ever go owner occ.. at least that is generally what happens with this type of housing.. the value play is the tenant pays off your home and your home generates enough cash flow to break even at best and feed it a little bit over time.. then at the end of your mortgage term 30 years you now have say 2 mil of paid for assets the real money is made on these assets cash flow wise ONLY if you pay cash IMHO

You must exclude the land value, typically allocated based on property tax assessments or an appraisal, as land is non-depreciable.

I, like Jarrett, work a non traditional schedule.

Quote from @Eamon Conheady: I was purchasing a multi family through an IRA LLC and was utilizing debt to finance it, requiring a non-recourse loan.

That makes private financing a solid option for folks with non-traditional credit or complex financial situations that banks might shy away from.Then there’s the tailored approach to loan terms.