Our first remote rental in Iowa seemed like a smooth deal—fully renovated, no major work needed.

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.

Also, the credits are "use them or lose them" - meaning, if you pay $12k a month for a 100,000 skips, then you have to use them all that month.

This gives them optionality but not obligation to purchase however the advantage if the property appraises sufficiently, they could purchase the property from you with as low as 0% down, you could give them rental credits towards their closing or down payment which could make it truely a zero cash out of pocket affair.

Even if you a get a little higher rent and feel more secure that the majority is coming every month via the government, look what they did to your home.

I would stay away from section 8, pull credit and background, and call referrals, and look at pay stubs for everyone who applies.

The other benefit to new construction is that you shouldn't have any major expenses for several years. 

.✅ Judgments & Liens Search – These no longer show on credit reports, so a separate check helps uncover unpaid debts.✅ Eviction & Rental History – Past evictions are a huge red flag for payment issues.✅ Criminal Background Check – A nationwide search can help catch risks.✅ Verified Income Data – Checking actual bank deposits prevents relying on fake pay stubs.If you’re not getting any prequalification forms back, it might be time to simplify the process or use a better screening tool.

What you might want to do is see if you can get a line of credit against a home in Australia.

These platforms allow direct engagement with your target audience.Email Campaigns: Reach out to investor focused real estate agents and property managers in other major cities who may have clients seeking Florida investments.