I’d really appreciate any advice or experiences you can share.

Quote from @Brian Dela Cruz: @Charles PerkinsI appreciate your perspective.

It has seen steady appreciation, and multifamily properties can provide strong cash flow.

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.

Hesitant to sell if we have a big ticket expense.Any advice would be appreciated.

I really appreciate the advice.

Any advice or direction is appreciated!

The home will need some work, but I am excited about it.I would appreciate any recommendations for a reasonably priced insurance company for the unit while I am rehabbing it.

Appreciate any insights or words of caution on if I'm getting in over my head. 

@Alecia Loveless Hi Alecia Thank you for sharing your experience and advice I really appreciate it.