Stick to your standard screening policies and don’t feel pressured to bend your criteria.

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.

Personal money How did you add value to the deal?

However, if you inherit it through her estate, you receive a stepped-up basis to its fair market value at that time, reducing tax liability upon sale.Gifting it now has no immediate tax consequences unless its value exceeds the $18,000 annual gift tax exclusion (2024).

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And I wonder if CCR or HOA can restrict these to protect the values of those homes ? 

Second home loan , conventional How did you add value to the deal?

Conventional Loan How did you add value to the deal?

Also, you won't be rushing at closing to hire your ongoing partners.If you ever want to chat about the Orlando/Disney market from the property management perspective, feel free to reach out!

Appraisal is where if the value of the property didn't meet the value of the loan, you can negotiate the price to lower it.