Would love to hear any tips & info that would help me get started!

Quote from @Allende Hernandez: I guess it all comes down to market and pool of tenants.I disagree.

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.

To collect all rents and other income from the Property and promptly and directly deposit suchrents in XXXX's Pooled Trust Account.3. 

Here once you start passing $1500 in rent your pool is getting pretty shallow. 

Hi everyone,
I’m new to real estate investing and I’m considering getting into long-term multifamily rentals. One thing I’m trying to figure out is how to find good locations where property prices are relatively low,...

In '23 the state set records for tourism revenues and visitors to the state, a hat tip to your point about year-round demand. 

It’s likely the GC will subcontract the concrete work to a specialist while they focus on managing the permitting process and ensuring everything is done to code—especially if there are ADA requirements involved for the ramp.Let me know if you need help navigating the process or any tips for working with contractors.

Also, if anyone has any experience in land purchasing I would appreciate any tips or websites on how to find the best deal or agent for the same.

Jay thanks for the tip, it helped in searching and learning about "lead generators" in the fine print in lending and what means.