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.

However, after further research, I’ve noticed that Charlotte, NC, and Raleigh-Durham, NC, are experiencing robust rental market growth and expanding economic opportunities.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

The Banderas Bay area (from PV to Punta Mita) has lots of potential with the economic growth and the tourism industry expanding north towards San Blas with over 30% appreciation in the past 3 years.

Proper underwriting - this includes an appraisal, loan app and full underwriting to comply with CFPB regulations.2.

Generally speaking, Boston proper is an appreciation market (low cap rates) unless you have a solid value-add play.

@Yael DoronHi - I don't invest in Phoenix but was just curious if you already own real estate and are looking to expand into Phoenix, or are brand new.

Could you expand upon "leverage the start of your entire life"? 

It also expands your opportunities, as there just isn't a lot of small MF for sale in these areas. 

Hi Brett, you should run a proper property analysis.