Fast forward to when they were there (but not the designer, she never went and never told me she wouldn't go) I see my card was charged a huge amount, including an additional 5k from her own company, above and beyond the 7.5k I had sent her!!

And someone jumping into this as a complete newbie can expect that they have a decent chance of making some expensive newbie mistakes.

I've been thinking about this for awhile but unsure how the exact mechanics work. Stability: Homeowners tend to stay in their homes longer than renters, which can create a more stable environment for families and chil...

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.

But it wa a decent gig for people until a year or two ago.

When you want coaching, you sign up for and pay for coaching in the niche you want to crush in and you shouldn't do that until you have tried a decent amount on your own, gone to meetups for a year, and figured out what you want to do first.Wholesale coaching is out there, but there are a lot of charlatans.

I like the idea of no pets and that is decent income (depending on what the rents are).

: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.

Would you like to manage the property yourself, have an assistant do it for you, or have a management company do it for you?

There was one where something on syndications and the person was saying how great a specific way to do things was - I called them out and said of course you are gonna say that as your company is a software company that does that.