Verifying last 2 years of rental history very important!

The last 12-18 months have been a little rocky in the DSCR space for 5+ units.

Verifying last 2 years of rental history very important!

hi all I am a new investor, I just got my first duplex near scranton PA last year.

Chain lasts the longest, but it seems to encourage kids to climb over.

Quote from @Dan Liston: Last week I finished foreclosing on four properties. 

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.

My last transaction is up ~$1M above costs. 

It doesn't help that interest rates are relatively high compared to the last few years and seem to be going up with the new inflation news and such. 

Quote from @David Cherkowsky: Hi All,I purchased an investment property in the middle of last year and to this point have been using 0.75*lease value in my DTI calculation.