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.

This includes credit, criminal, and rental history checks for all parties.

Mentioning unique perks like 'Game Room,' 'Lake View,' or 'Pet-Friendly' can really draw people in.

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

And when it comes unraveled, implications CAN BE extreme, INCLUDING jail/prison time for it. 

If i was giving someone 65k I would be on a plane and meeting them in person.Cannot say this about this website, but there are plenty of scams out there to take advantage of those in distress, including syndicators.

I personally focus on DSCR investment loans and creative investment financing strategies, so I am happy to connect with you and talk about a game plan.

It includes a lot of good/bad examples.

That would be a helpful addition to your plan as you would further reduce your cost of living.Also don’t forget from that $600 you are planning on getting in cash flow you have taxes, insurance, maintenance, capex, and vacancy to consider.With two homes, you may want to keep that extra $20k as an emergency fund rather than spending it on a third property and then be left with no emergency funds.The $1,000 a month includes incidentals for maintenance and taxes etc.

Get a signed bill of sale including the furniture at closing for tax depreciation.Communication is key!