IF, they were willing to take the risk inherent in all “subject to” transaction done without lender approval, they would have also been able to “capture”, and added to their wealth, the difference between 9% and 3.25% on the underlying $375,000 loan balance, or about $21,500 per year.3.

One bad tenant or major maintenance expense can cost you $5,000 - $10,000.Your only hope is to hold the property long enough that rents increase or the home appreciates, but even that could take 10 years to balance out the losses you incur in the meantime.

Typically 5+ units is ‘commercial’ or ‘small  balance’ multi family.

But we soon came to realize that we could re-rent a unit in a matter of days as long as we had proper notice from the tenant.  

If your purchase loan is $100,000 and you have $25,000 in rehab holdback, you are only paying interest on the amount of the principal balance each month. 

Check, Zelle, PayPal etc.Then require balance 30 days before stay.

: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.

@Ryan Kline You either have a balance sheet we all envy or you are an individual who has no confidence in their ability to be a good real estate operator.

We still have a few properties in nice parts of Milwaukee proper, but most of them are in the suburbs (and non-MPS school districts). 

Honestly, the proper strategy at this moment would depend on a few factors that would be a bit difficult to get into on this board.