That cost may influence your decision on what to do with the property.

Hi BP friends,On Friday I had a good lesson I want to share with you when it comes to FICO score.I’m about to close on a deal in the next 30-60 days and lock rates on Monday prior to the Fed increase on Tuesday.I just find out that my Credit Score went down from 811 at the end of Feb to 719 on Friday 16 March!

Is there a way to force the value (other income like increasing the rent, rent the parking places, increase the price for laundry...?)

There is an unfinished basement, which based on a little research, I believe I can turn into another unit and possibly increase cash flow by another $600 at least.

There is an unfinished basement, which based on a little research, I believe I can turn into another unit and possibly increase cash flow by another $600 at least.

"Gambling" that the value of the asset will increase also has its risks.

Starting an S corp now will just increase your administrative burden and tax prep fees. 

This problem is..I live in the DFW area and the market has pushed prices up rather high, along with increased demand which makes it harder to sweet talk sellers into selling at a lower than market price. 

You didn't mention this, but re-financing into long-term financing will significantly increase your ROI/IRRWhat do you anticipate the vacancy rate to be?

The increase exposure on E&O is the main hurdle.