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.

Lessons learned?

I’ve seen a few questions about laundromats as an asset class, and would love to share what I’ve learned.

It’s a great way to learn the ropes.Build the right team.

I'm in the process of all my research and just want to learn all I can so the more information I can find, the better. 

I guess no one strategy fits all so will be very nice to hear everyone's story and learn from each other.

This is a great place to learn and to connect with people so take advantage of all the great resources.

We’re particularly interested in purchasing a duplex, triplex, or fourplex, or a property with an ADU to start our investment journey.We look forward to learning from and contributing to this community!

A HELOC felt like the right approach, but I'm learning it's pretty impossible to find a lender for my situation.

It's a learning experience for certain.