Appreciation has proven strong there.

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

Any input or opinions are appreciated and I'll do my best to respond to comments! 

Thanks in advance, your help is appreciated.

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.

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.

I appreciate the feedback.  

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

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

I really appreciate the tips and will definitely look into connecting with local agents and attorneys.