My goal is to try and get a multifamily property a month or two after starting my job once I have the paychecks rolling in, to show my financial advisor.

•Look at Rental Absorption Rates:•How many homes like yours were leased in the last 3-6 months?

I hope you are doing well and sounds like you are an experience investor in this market - would love to maybe grab coffee sometime and hear about the experiences you have gain over that last 15 years!

Good luck trying to replicate that across multiple markets.If a market is working for you and aligns with your goals, why change it up?

That's up to your goals and long term strategy.

That's an ambitious goal!

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.

The last 3 clients I worked with all ended up with Chase.  

Having a diversified portfolio is one of my end goals.

Are you persistent enough, dedicated enough and sometimes just stubborn enough to be the first one in and last one out of the 'gym'?