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

I would highly recommend looking into syndications!

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.

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

@Spencer Douglas Did you end up unwinding from Anderson?

Repainted interior myself.

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.

If you initially end up needing to raise rents I like to do them one at a time to minimize potential turnover from happening in multiple units at once.

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

@Amanda Lindsay Which property management software did you end up going with and how is your experience?