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.

Ask yourself: Do you know ANY highly successful real estate investors or sales pros who sleep in, waste time, and still crush it? 

Also there is value in accepting tomorrow isn’t guaranteed and working later in life when not a necessity seems to be highly tied to ego.

In the end I refinanced THE DAY rates bottomed and they immediately started going back up.

(Could be more than just two) So just be aware, you can use the sec 8 income to help with qualifying for a DSCR loan but you could very well end up with a higher rate.  

As you guide landlords through that stressful process, you can introduce how your tenant screening and management services help prevent future issues.2.Focus on Rental Listings as a Lead Source•A highly effective way to grow your PM business is to actively market rental vacancies for landlords.

And a handful with 25 to 50 homes.. same thing I fund the front end of the BRRR and they refi and pay me off.My latest adventure is funding land flippers and I have two that are knocking it out of the park..

I ended up buying a different property two blocks away.  

For example, should we focus on acquiring one high-quality property in a strong market, or would it make more sense to spread the investment across multiple lower-cost units in emerging areas?

My foreclosure sale date is the end of March 2023 and I will not anticipate getting paid from the sale for another 5-6 months.