And so, in other words, you may not be limited to just one program.”If you want to learn more or see what you qualify for, be sure to lean on the pros.

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.

While management has been helpful in dealing with this, I also learned that per our contract (which we never signed, the developer did) that the HOA management company is entitled to all late fees. 

Keep learning and running the numbers—you're on the right track!

I have no doubt that I would learn any new avenues quickly considering my current experience, but I would still be taking a step backwards for the time being.

With all the resources available today to research and learn about the industry, I’m surprised this “easy money” mindset persists.To me, real estate is far from passive or simple.

I recommend continuing to learn pros and cons of each and determine which paths (I pluralize it as you should diversify even across real estate).

To get started, continue learning through podcasts like the BiggerPockets Real Estate Podcast and books like "The Book on Rental Property Investing" and "Set for Life."

You'll save plenty of money, you will also learn how to problem solve complaints and learn hospitality (because an STR is a hospitality business really).

Take ownership of your mistake and learn to do the proper due diligence recommended above😊