Another investor of ours wanted to grow their portfolio and their goal was to diversify out of the west cost.

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, many blemishes, but should have no evictions in last 2 years.

Depending on the price point of the property and the market you are in the cost for certain things can change.

Hi Sam,Would you be willing to share details/costs on the machines and system you went with in the end?

Idea on cost to tackle this?

My concern is what will happen to my future insurability or insurance cost increases if I go this route.

Would we be able to pocket the buyer commission to remedy the final sales price or closing costs?

Most of the properties I have available are $300,000-700,000; so if a hard money lender requires 25% down, with closing costs of 1-2%, and the hard money lender wants $20,000 in reserves, plus 1% to the hard money lender, we're looking at anywhere between $104,000 to $216,000 out of pocket costs. 

And the soft costs can easily pass 100K before your project even starts. 

Moreover you don't have to pay any fees, commission or standard closing cost either.Let me know if this interest you.