: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.

We got a $50,000 deficiency against the borrower and secured it to their primary residence in 2nd position which had around $150k equity.

This strategic renovation approach significantly increased the home’s market value, allowing us to position it for a high return on investment.

A few notes:- I advise people NOT to buy out the PPP completely, but to maybe shoot for 2-3 years just to get a more reasonable rate unless you are absolutely positive you want to refinance sooner and are willing to pay more for that option.- A hurdle here is that your loan amount drops below $100k, which is the minimum for many lenders.

My biggest tip would be to attend in-person meetups; we actually have one coming up this Saturday if you are free: https://www.biggerpockets.com/forums/521/topics/1209859-lear...There is something about meeting like-minded people in person that really seems to create a positive energy. 

Thanks for sharing your story on having the right pm, def shed some positive light.

I wish we were in position to do another 1-2 now but need to wait to file taxes.

(It also helps if the banker knows you, knows what your business does, and you have positive bank account history.)Hope this helps!

It’s awesome that you’re in a position where your investments serve both as income generators and personal vacation spots. 

So it looks like two of the post were created for the sole purpose of writing a positive review