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.

Lastly, in our homes we don't do sofa beds.

This allows participating in the $1.1 M equity with a ROI of 100% and on going 25% annually with the historical appreciation over 30 years of 8% a year. ( Zillow stated a 10.4 % in the last 30 days $251,361 ).

I'm not sure if you'll be able to find his contact information and I'm also not sure if I can share phone numbers on a thread so if you message me I'll connect you up.

@Zach McKay start by connecting with @Samuel Eddinger!

Renters insurance is so cheap because it is not connected to the property and the landlord after all, right? 

Last year 4.75%. 

I am in a completely different market than you I would love to connect and exchange ideas. 

I’m happy to connect if you want to discuss options.

Without these connections, you’re likely to spend more time and money finding reliable help.Enforcing Lease TermsProactively managing tenants and enforcing lease terms reduces the risk of evictions and other issues.