Purchase price: $345,000 Cash invested: $101,000 Sale price: $565,000 Traditional fix and flip in a very tight market sold with 40-year high interest rates (Oct 2023).

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

This is a conundrum as more people are default this year than ever since 2009, but I think the reason is all the government assistance, and the extremely high demand for sub-prime loans.

This family member will be in a high tax bracket for the next 2 years and then likely a very low bracket in 2026. 

.$4,200 seems high but I don't know what was included in the scope of work.

I've listened to the podcast on and off for a few years and have a pretty solid high-level understanding of how deals are structured.

FHA MI is very high and almost always I can get the conv. payment to be only 75% or lower what an FHA payment would be. 

The management costs are very high even for minor things.

We are currently rehabbing a high end rental property here in Milwaukee and I was looking into flooring options for living-breakfast-kitchen.

I don’t know how bad cause I’ve never really dealt with mold before but it’s in about every room and the highest point is about thigh high from the base boards.