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!

best of luck. i would network in that area and go to as many meetups you can and learn the area well

It's a good place to start to learn about other areas within the state.

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

I can learn from this group and allows me to have a possibility to have a better future.

Like I said earlier, I am new to the game but learning as much and as fast as possible.

Interior remodel, paint, floor, appliances, fixtures, etc Lessons learned?

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

YouTube is also a fantastic resource—it's free and you can learn at your own pace, which is a huge benefit.