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- Doesn't matter what seller is asking, only what amount makes your analysis work!

The umbrella is a good idea as they are usually not too expensive for the amount of coverage.Get a good STR policy.

Also on my rents I have all my amounts set different so that I know which unit it is. 1 may be 600.00 and the other 1 will be 601.00.

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.

It may be tempting to treat them as one property and do what is called "cross collateralization" in order to maximize the amount you can borrow.

3) Windows - a fair amount of windows took damage.

What is your average rent amount for all properties managed?

Two weeks is a decent amount of time to wait, but if you haven’t heard back, maybe give them a call.

Fact: When banks securitize notes, they can make up to 40x the amount of alleged loan.