Lastly, make sure to rework your numbers on the conservative side. 

Last time I talked with them they did.

The last time I checked, they said Airbnb decide this category and I cannot request it. good luck it will be incredible boost. 

From what I’ve seen in Forbes, the infromation on market trends can also help pinpoint the best neighborhoods.One last piece I’d consider: do some legwork on rent comparables in the area so you’ll know your break even numbers from day one.

Welcome aboard @Nico Banuelos and congrats on your success over the last few years!

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.

Early last year we started looking for our first tax planning partner.

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

You should have an opt-out of the contract too, so if there is anything that you are not being represented correctly on you can opt-out of it as well. 

But now things are working more smoothly and after finalizing the accounting for last year, I have a better idea as to what kind of profit to expect.