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.

I'm particularly passionate about multifamily and syndication investing.Outside of real estate, I enjoy traveling, martial arts, and photography.Excited to learn and connect with you all! 

Turned out great it is my favorite padsplit remodel Lessons learned?

UPDATE:  Just chatted with the city and learned that variances have a high threshold for approval.  

Things that AI won’t know:Market rent as isMarket rent renovatedCost to renovateSpeed at which renovations can occurLease up rate once renovatedInvestors learn all of this by doing work in their market.

The challenge for a PMC is having the time to answer all your HUNDREDS of questions and handholding you as you learn, while still making money.

Heck, maybe they want to learn what to look for.

Learn everything you need right here on BP.

Originally posted by @Dominic Battaglia:@Marko Agbaba Ive been looking into student rental primarily, still a learning curve and looking for the right deal but I'm hoping to jump in soon before I transition jobs!

Increasing NOI and value of property by 2M+ Lessons learned?