Not having an exit strategy on two different partnership ventures led me into a court case and cost me tens of thousands of dollars on another.

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.

Usually, borrowers purchase the lot first and we usually lend to 80% of cost up to 70% of the as-completed value.

I track everything at the "buy" on a spreadsheet as far as income, expenses, CoC return, ROI and have another spreadsheet to estimate and track all rehab costs.

A lighted inspection camera/borescope costs fifty bucks. 

I know a lot of people who do it, I would ask what is your exit. for example we have done it when we were doing some renovations and had a line of credit as well that we were going to transfer the cost too.

I may get flack for saying this but there is a wealth of information available at little or no cost and local REIGs that can teach you about your local market. 

Appreciation there is low, rents are low, and assuming maintenance as a fixed cost (for example, a hot water heater costs $450 from Lowes in Allentown, $450 from Lowes in Scranton, installation takes the same time, and labor costs aren't all that different), the ROI isn't great.

The cost to get the ADU rent ready and fully permitted was $25,000, most of which was the exterior landscaping.

Hello,We have a STR in Davenport, FL area and looking for some recommendations for Cost segregation study companies.