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.

Like "Biggest single family propetry management mistakes ever" etc

Quote from @Allen Berrebbi: Quote from @Dominic Mazzarella: I have personally owned and managed a multifamily property in Illinois and after selling it I said I would never invest in that state again.

Looking back on your earlier projects, what were the biggest mistakes or lessons learned in securing funding or managing build costs?

We own a real estate, mortgage, and property management company solely focused on Short Term Rental Investments How did you find this deal and how did you negotiate it?

He's got the #1 investor podcast in your area, his property management company is first rate, and he's a great guy.

Will you be managing this yourself or with a local company?

Interview many property managers to find the best one (they can be a deal flow source too).

Try interviewing at least three managers.1.

We specialize in short-term rental investments through our integrated real estate, mortgage, and property management services, delivering expertise at every stage of the process.