This simple act of understanding can make or break the deal.Patience Pays: Results-driven but people-focused.

Purchase price: $75,000 Cash invested: $10,000 Sale price: $120,000 This is a 2 bedroom 1 bathroom single family detached house is South Georgia.

I pay $875 (including principal, interest, taxes, and insurance) and rent it out for $1,625.

Billing is different for most and more than likely, you'll pay a retainer of some sort up front and have a balance due. 

Now, you need to figure out how to find deals and pay for them.

Focus on paying them off (smallest to largest), and you'll be living large in 20 years.

My biggest client today is a seller I didn’t even represent during his sale of a 24-unit building—he had another agent.

So for her, the fees of 3% at closing and 1.5% per year is a steal vs paying $400,000.

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.Section 8: Rents are too high for the program and cash paying tenants are better overall.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 yearsSection 8: Rents are usually too high for the program.Class C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Don’t want to pay taxes on the capital gain.