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.

So no leasing agent, no maintenance. 

So far, the best deal I have been able to find is 5% down with no PMI (80% from Fannie and another 15% from a second lender).

There's no doubt you'll find success over time!

You can use form 3115 to catch up with any depreciation not previously calculated.If you have a condo, it is possible that there is no land allocation.Furthermore, if there were any assessments made by the Condo Association, you want to factor those in as well.

@Alec Jacobs I have basic low/no fee business checking accounts.

when they find a growing market that works well for their investment there is no reason to try to look for another market. 

It's no guarantee but it's a good place to start.

And no, I do not have any relatives by that name in FL.

In a small town of Alaska and at the peak of COVID there was no Negotiation at that time haha.