Closed with no issues, inherited great tenants and have really enjoyed living in this neighborhood Lessons learned?

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.

My buy box is C+/B- 2000 sq ft or better, no HOA, no Pool, 2.5 bathrooms or better and plenty of parking. 

This is the default setting for guests so people will see the AI-pulled reviews first no matter how many recent reviews you have. 

Great question - goal is to eventually rent out both units to total $3400/mo - it would be closer to $2000/mo for the one unit until repairs are done and my lender is ok with it no longer being my primary residence. 

Does that mean you just did the repair for no reason then?

source_impression_id=p...Here is the code section from the 2021 IRC:Habitable Spaces, Hallways, Basements with habitable spaces and hallways shall have a minimum ceiling height of no less than 7 feet.Bathroom and Laundry Rooms shall have a minimum ceiling height of no less than 6 feet 8 inches.A room that has a sloped ceiling shall at no point have a ceiling height less than 5 feet and no less than 50% of the floor area shall have a ceiling height less than 7 feet. 

I am a general contractor but no longer work on other people's projects.

No way I would buy in Seattle.

These are the top three features I always keep in mind when evaluating a potential property:1️⃣ Location Matters: Properties near attractions, with great walkability, or offering something unique—like a waterfront or mountain view—tend to perform better.