What does that word actually mean to you in relation to your investing goals? 

Covering this with my salary is relatively comfortable.  

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases: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+ (roughly 5% probability of default), 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 (around 10% probability of default), 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.

total return from an RE investment includes value added, appreciation, tax benefits, equity pay down, and the cash flow. 

The homeowner has direct title, can sell at any time and gets 100% of the appreciation and tax benefits on these houses.

To see how much a 1031 exchange will benefit you in a sale you must first calculate the performance of your current property.

The IRS disaster assistance page and hotline are key resources for those seeking guidance.One significant benefit for those who have experienced property damage is the potential to claim a casualty loss deduction.

This tax base benefit goes away at your father’s death.

Not the most scalable method, but I like the benefits it affords me while I am still a smaller operation.Completing 500 builds in just over 10 years is impressive for someone who just sorta fell into it.

We also run numbers to avoid lost money on blindly paying for an appraisal to find out its a dead deal or of no benefit.