If that's the case, if it's a flipper with zero development experience, no way would I have any interest

Best of luck, and I’m sure you’ll be hitting your goals in no time!

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.

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Hey @Edward Zachary Samperio, have you called each municipality involved to double check the regs?

I just paid another $400 and still no app.

Short answer, yesLong answer, maybe - if the portfolio offsets the negative cashflow and on the portfolio level we meet our positive cashflow metrics then yes otherwise no. 

While no one can predict what the market will do in the future since I have started purchasing long term rentals rents have only gone up which has allowed my cashflow to continue to grow. 

Yes I know about the VA loan (no down payment) and VA disability payments, more on that later.  

A well-structured deal could allow you to get in with little to no money down while leveraging your construction knowledge to drive profits.Regarding financing strategies, the sky is the limit if you’re willing to be creative.