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.

Definitely a personal question. 

I make it a personal goal to never turn down help.

Personally I pay $300 commission to get the new tenant, 8% of rent collected, and $150 for renewals.

finding and analyzing deals should be at the top of your list of things to learn when starting out!

@Travis Timmons thank your for sharing these details in your personal experience.

Shame on those here recommending it.Similarly, don’t even consider borrowing against your personal residence—even if you could qualify.

I've personally found the bulk of my Chicago purchases off the MLS.

I'm also in a 5 person group within gobundance called a 'gopod' and we meet weekly.

You'll learn quickly who you can work with and who you can't.