You can also do value add STR & Multi-Family Rentals by starting with distressed properties and using a bridge loan to acquire them with a lower down payment compared to a DSCR loan.Networking – Connect with local investors, wholesalers, and realtors in your target markets.

Personal money How did you add value to the deal?

Hard Money How did you add value to the deal?

Feel free to reach out if you have any questions or just want to talk.

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.

Feel free to download it here and reach out to me with any feedback: https://apps.apple.com/us/app/biggerpockets/id6736392302

Applying a value add strategies can get you to much much more equity rather quickly.

If you ever want to chat or need advice, feel free to reach out.

Not sure if that's much help other than to let you know you're not alone in feeling that way as a newbie.

Being a BP listener since 2011 and recent forum junky, I cant get enough of the value and connections I am making here organically!