Buyers will never make it past the front door.

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.Section 8: Rents are too high for the program and cash paying tenants are better overall.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 yearsSection 8: Rents are usually too high for the program.Class C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Staying ahead of the game by understanding how local regulations align with state bills like SB-9, SB-684, and SB-423 can open doors to exciting development projects.SB-9: Simplifying Lot Splits and Duplex BuildsSB-9 streamlines the process for lot splits and duplex construction, offering a straightforward way to increase property value and expand housing options.SB-684: More Flexibility for Smaller ProjectsFor urban lots under 5 acres, SB-684 makes it easier to pursue smaller housing developments, transforming overlooked properties and vacant lots into productive investments.SB-423: Faster Approvals, Fewer HeadachesNo one likes endless waiting.

However we are pulling permits to renovate a garage into a adu.

Our tenant accidentally broke a kitchen cupboard door.

I'm not a fan of mega back door roth contributions, unless potentially if you're in the 22% tax bracket or lower.

These particular students were so mad they broke their contract with Multifamily Mindset just to not be associated with Ryan and Tyler anymore.When you ask their coaches and team members how many deals they have done and how many doors they are in it is very difficult to get them to actually tell you.

I feel like a condo would allow me to: 1) Get experience and my foot in the door with little capital.2) Protect me from getting wiped out by an unknown capex expense.3) Potentially house hack.4) Not feel bad about burning money on rent. 

Even small touches like repainting the front door, adding some planters, or pressure washing the driveway can make a huge difference.Final ThoughtsI’d say skip the full sprinkler system for now, make cost-effective improvements that boost curb appeal, and focus on getting that property moving.

I’ve been investing in Detroit for years and built my 12-door portfolio there, generating $16K/month in gross rents.