If that sparks your interest, i'm curious which market you’re leaning toward for the replacement property...are you thinking high-growth spots like San Antonio or somewhere smaller like Omaha?

That means the early payments are mostly interest while the principal balance is high.

Our actual carriers used to be Secura, but they seem to be getting out of a lot of insurance lines or pricing so high as to have customers drop off, and we just moved policies in Nov. to Hanover Insurance. 

The combination of high costs and the after-repair value (ARV) frequently leads me to conclude that buying a new rental property is a better use of capital.

It's not an effective strategy but a lot of investors believe throwing in high end appliances in itself secures a buyer. 

The median income is low but the amount of renters is high.

RTR advertises high returns as part of their marketing strategy, but the reality is that many of their properties do not perform as well as advertised.

I think it will also high effect search engine rankings. 

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.

ETC: February- buy a high end home at a destination location.