Jace,Just starting the learning process and don't know even know what I don't know. 

This was our first home, and learned it all along the way.

Appraiser's learned a valuable lesson in 2008 when they were accused of being one of the causes of the great recession.

@Chase Hoover that is awesome, congratulations.I would love to learn more about the deal and lessons you learned along the way.

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.

Learn what a good one looks like, then take your time to find one.

Excited to learn and get insight on investing in a new market.

You may just want to jump in and get started and learn along the way and figure out what you like over time.

It doesn't take long to learn how to spot a good deal.6.

Learn the eviction procedure for your area, perhaps contact a lawyer in the field to help you with this one, and get the fraudster you're currently housing out on the sidewalk to sleep in a cardboard box where they belong.You're going to lose plenty of money here, but this will never happen to you again, and you can minimize your losses if you move as quickly as possible.