Appreciation has proven strong there.

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.

That said, the appreciation has been very high over the years. 

Thanks in advance, your help is appreciated.

@Brie Schmidt, @Aaron Zimmerman thanks for your responses, I appreciate it. 

I really appreciate the well-rounded perspective you shared.

but you will have appreciation and equity paydown, but so would any property you buy with financing.  

I appreciate the advice on house hacking and the financing strategies available for multi-family properties.I'm definitely interested in connecting and exploring investment opportunities.

It's in great location that I'm confident will continue to appreciate.

Appreciate any insights—looking forward to learning and connecting!