I started with single-family homes and then moved on to condos, typically holding onto properties longer than I probably should.

In all the other states where this is legal there is no state or fed reporting or oversight.. thats the point..

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.

Typical PE investor double speak. 

If someone is exceptionally hostile in their replies to someone else, even if I like the content, I typically steer clear of voting for that particular post.There are people that I like most everything they say, but I don’t always vote for them every time because I don’t wanna make it weird.

you borrow a % typically 60%, pay back interest only with a ballon, 13, 14% plus 2- 4 points, Good luck 

First question I always ask is who audits your financials and who does your books and send me what your reporting looks like.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Would love to connect and discuss what you're looking to do, my partner and I invest in Phoenix ourselves and can let you know what the returns typically look like.

They don't typically throw parties there like they would at a fraternity house.