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.

Meanwhile I received call from insurance saying some adjuster will visit to check eligibility for coverage and I asked restoration guy about expenses he said you will get it after work but suggested not to worry as it wouldn’t cost more .

We financed the Mount Zion Blvd deal using Partner Driven's capital, covering the $165,000 purchase price and $25,000 in repair costs.

They can at least give you an idea as to the cost and time involved in a process. 

Personally I’d sell, if the capital gains after selling costs exceed $80k I’d consider a 1031.

No, material costs sit nearly identical.

I utilized a HomeStyle Renovation Loan, a conventional loan that enabled me to finance the cost of the rehab.

I had a bad tenant that costed me thousands of dollars.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!