It will likely appraise at $900K now as the 4-plex immediately across the street just sold for $1M and was dated inside though larger but still 2 bedroom units.

We did get a few rental reports from houses we were interested in and we can't see the whole story on these reports (personal use, blackout dates, ect...) but they don't seem to make enough after BBL taxes and cleaning fees to cover what would be our monthly costs.Does anyone have any helpful information on this type of scenario?

These monthly updates will include information on the latest occupancy and progress on the renovations.Every quarter, you will receive a detailed financial report on the property, and every spring during tax season, you will receive a Schedule K-1 for your taxes, which will report your share of the income and losses for the property.As your projected hold date approaches, the monthly information you receive may include information about a sale.

You will need to keep in mind though that a lot of conventional lenders have seasoning requirements of 6 months to a year before they will put a loan on the property, from the date of purchase.

We have 4 good groups nearby, all meeting at different weeks so one can hit them all in a given month. there is an easy calendar that keeps times and dates… message me for more info!

Have them say a number and a date they can be out by.

What percentage of expiring leases will renew their lease each month?

I know the property will hold the income restrictions when I go to sell at a later date but the community is all 800k-1.2 Million properties so it is desirable  so I am not so much worried about that aspect of it.thank you

Any Idea on what dates they are currently grading?

If the tenants are month-to-month and you'd like for them to leave, then you can give them a notice of non-renewal with the date they'd have to leave by and give them proper notice time.