The Nordstrom family is making a renewed effort to take their iconic department store chain private, marking their second attempt since 2017.

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

@Breland ClarkCongratulations on your first short-term rental (STR) purchase!

A plan based on property appreciation is very different from one based on cash flow, and is executed differently.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

It hit the pocket for sure on a per property basis.

Hey James, congrats on getting your first deal done.

Long time lurker on BP but first time poster.

I’m currently working on assembling my team here in NC and finding the perfect fit for each role.

Let say on month 6 the FMV is 500k and then month 7 the FMV is 600k.