I added a bedroom to my two bedroom suite due to high demand last year. 

Quote from @April Smalls: I bought my property last year September.

I did one last year to swap from an “older property” built in the late 1990’s to a new build  I didn’t run out of reasons, but you get the point.

Same exact condo in my complex just sold for 500,000 last week. 

: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.

Very good   we sold 3 flips last month and working on 2 right nowWe bought a bunch to hold as well1 piece of advise - don’t buy on market I am buying w issues   I solve whatever issue and make a lot of equity or moneyStill hosting 2 nd weds of the month which was last week  and tonight I’m the guest speaker at the Reia You have my info  if I can bring you value let me know 

I helped some BP clients purchase a package of fourplexes last year and they've already raised rents by 15% in a little over a year of ownership.

All have been good with decent tenants for the last 15 years.

In the last 3 years, I've worked with over 650+ new Hosts. 

You would think that this would be obvious, but it's not (for newbies)And don't be afraid to p*ss off the seller....on the last house I bought, I offered $60k less, and the sellers got irritated/insulted and refused to even counter.