While leasing is the front door to maintaining a property’s occupancy, renewing tenants is the back door.

You'll need at least 125-150 doors to make a decent living, but you won't be able to afford much help. 

They can't print the envelopes cheaply enough to make it worth while, so I would still run the envelope through the printer.

I got my real estate license in March of 2024 and already own 4 doors at this moment.

We have been at this for about 4 years have 5 properties and 7 doors and are also looking to keep growing. 

ya Open door capital struggles are well documented..

It was a high value house so it was OK but I sure don't want to run into that again!    

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 born and raised in Houston and now work with a full service long-term rental management managing over 300 doors - all SF or MU (up to 4 unit).

It would've cashed flowed more if I didn't run into my first shady contractor.