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 knew that we were going to have a lot of back and forth, and that there would likely be a problem at some point that we would need to solve together.I needed to have confidence that whoever I signed an LOI with wasn’t going to back out at the last minute for a silly reason.

2) How long can your reserves support the negative cashflow3) What's your plan to solve negative cashflow long-term?

I am a big proponent of self GCing new construction investments, as long as it is done correctly.

If so, how long? 

Can they prove how long it takes to rent a vacant property?

I'm about to be 18 in a couple of months, and I've been reading all about rental property investing for the last year.

Note - if you live in your property for 2 years out of the last 5, then you don’t pay taxes on the profit. 

It seemed like a long-term play with less price or industry volatility.

I wanted to ask advice of some of you who have a lot of experience in long-term rentals.