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.

🎯 Leverage PowerWhen's the last time your broker let you buy $500,000 worth of stocks with $100,000 down?

@Olivia Blake what you are running into is a tenant how has been a long term tenant.

I had a realtor tell me last week "light rehab, under $30K" on a house that wasn't on the MLS. 

Quote from @Peter Firehock: Introduction:Well you've certainly put together a long and comprehensive analysis.   

We recently relocated to Phoenix last summer and I'm starting to look for recommendations for local credit unions here in Phoenix which are trustworthy, low rates, personal touch, easy/simple to work with, etc. 

How that will play out for long term values is unknown - however human nature has shown proximity to water is desirable. 

Lastly, check any shared doors or gaps and add door sweeps or weatherstripping to block sound from traveling between the units. 

Over the last few years, I take all of my STR profits and dump them into the stock market and I couldn’t be happier.

Verifying last 2 years of rental history very important!