The resident pays the second month on time and then, and only then, do they get the concession.If the market is soft, and we are having trouble renting, before we consider concessions, we look at the product, the marketing, and lastly the price.

Quote from @Mathius Gazi: I picked up a two family last summer in New Haven and it is doing absolutely fantastic.

We were working with this agent early last year and signed an exclusive buyer agency agreement that expired June of last year.

Verifying last 2 years of rental history very important!

And lastly, market risks and mismanaged funds can also create major headaches, especially for those involved in lending groups.

This is the third time in the last few years that this has been presented to CA voters.  

I shows my what dates people are searching for this year and last year.

I lost money (opportunity loss) but I gained a wealth of experience. 2.)

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.

I’m aware of this happening once previously last summer, but thought it was a one time accident.