Sure. 

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.

Sure don't do the renovation, I only do renovations that project a return of 2x the cost of the renovation.

You seem to know a lot about STR, could I "connect" with you to maybe learn a bit more about it?

That way you can be reasonably sure that appreciation would continue or at least be relatively steady in the event of a downturn. 

I'm looking at a duplex to BRRRR if possible, but I'm not sure of the area myself.

@Kwanza P.Here you can learn more about non-recourse loans:https://www.biggerpockets.com/member-blogs/2810/46115-real-e...Here is a list of lenders offering non-recourse financing to Solo 401k:https://www.biggerpockets.com/member-blogs/2810/50272-list-o...You protect your property by purchasing insurance. 

I am new to real estate investing and BP, and I am excited to learn more about this space!

While the $600 per month insurance bill is hefty, I remind myself that being closer to the ocean would have meant even higher costs.One of the key lessons I've learned is the importance of timing.

I am new to Bigger Pockets and am excited to learn more about real estate.