My end goal is change the lives of others one property at a time and I am hoping this group will help me do just that. 

Buy low sell high..

At the end of the day, there are more day traders that end up broken than not. 

Also, for every good deal, there could be bad deals others will try to spring on me due to my disadvantageTo that end I have been considering two paths:A.

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.

Our goal is to identify a property and make an offer before the end of 1Q 2025.

We did get much lower costs when we changed to minisplits but the initial cost is high.

That way, there is some type of cushion to help against any high usage months, should they just happen to use more than your previous tenants did, or if you unfortunately get tenants who abuse the "utilities included" opportunity. 

End of story. 

Acquired 3 lots on mulberry st near west end of Cincinnati about 3 years ago still sitting on it.