*Self-manage your property for at least one year to maximize profits and ensure quality guest experiences.Hopefully, this helps in some way.

I manage hundreds of rentals, thousands of renters.

Class A apartments have numerous amenities, professional management, and sit in desirable neighborhoods.

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.

Are they way under market, or is it manageable for now?

I am also involved in management at one of the largest STR property management firms in Cashiers.

What’s your game plan for managing the park — hands-on or hiring a property manager?  

Because there have been such significant gains in the markets this year (unless you are a bond investor😬) fund/asset managers and stock traders will likely do some portfolio rebalancing in January, selling winners, and locking in tremendous 2024 gains.

Have yourself own an interest in the LLC, and have another entity you control own an interest and be the manager.  

@Patrick Drury what did you think of Propertyware and Rent Manager?