: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.

If you find yourself in a similar situation, I highly recommend exploring the gift of equity deals and using sweat equity for renovations.

I did one house I may end up taking a small loss on, we'll see.

They ended up billing me $200 a month for several months before I realized what they had done.My wife's a Realtor and we flipped a couple houses that she found for us.

I've now used it twice.The program requires 10% down, must be a rental, no PMI, and has a very high standard of credit.Last I did it (Summer 2022), my rate landed in the low 5%.  

NAR Says - Existing home sales fall to lowest level in nearly 30 years and Median housing prices rose to a record high"The National Association of Realtors released data that showed existing home sales declined to the lowest level since 1995 last year, with 4.06 million homes sold on an annual basis.Meanwhile, the median home price median home price rose to a record high of $407,500 in 2024."

@Cathy Ries Yes, tax planning before acquiring rental properties is highly beneficial, especially given your situation.

I managed a low end apartment block for several years. 

If you’re looking for a straightforward, hassle-free option, I highly recommend checking them out!

They find properties and approach Sellers and secure a price, then they seek out an end Buyer (you) and sell it to you at a higher price.