But lowest risk with conversely high returns might still be worthy to try. 

Without solid knowledge on this subject, you can easily end up in hot water. 

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. 

While I’ve considered cash-out refinancing or HELOCs, the high rates make these options less appealing.I’m debating between using cash to acquire more SFRs or diversifying into mixed-use retail properties.

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.

We almost went with a loan that we have to pay all the cost upfront and then get reimbursed on the back end and that was just not something we were willing to do.

Translation, $2400 per year.I currently just have insurance liability up to 1 million per property.Since I will be getting married and as married, you are considered as one, I’m wondering if I should LLC them due to the new wife becoming also a new liability in my life.For example, she causes a big car accident and ends up getting sued.

The monthly cost is high, but we currently are cashflow positive about $1,200 a month.

Look for properties with high cash flow potential, good condition, and room for improvement, such as value-add opportunities.

I started a nonprofit to assist in ending homelessness in America.