Lessons learned is not to buy a property with a high HOA.

90% is pretty high.

If prices are too high people will just go elsewhere.

If i were to purchase a 6 unit apartment for $280K, which fully occupied is roughly $5,050 a month.

I won't just write them all here but I highly recommend contacting a qualified 1031 intermediary to walk you through the process.

Couple other things to consider, property / school taxes are high, and tenants have lots of rights.

If you rent in a high-crime area, I wouldn't suggest it.

I would highly recommend talking to Jeff Weller at Coast 2 Coast and Fernando Corona both are also PadSplit hosts but we're some of the first expert lenders .

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.

we are pretty high that is for sure.