Oversized 3 car garage. 2182 square foot total.

I started investing in 2021 while living in San Francisco and have been pretty happy with my decision and own 13 doors in the area currently. 

Found an awesome deal on Craigslist and it allowed me to get my foot in the door with an investor (owner of the property I arbitraged.)

I got my first deal from knocking doors.  

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.

Quote from @Tom Dieringer: Great question, in particular, for those who don't live next door or down the street.

I currently own 10 doors, and always looking for more, when the deal makes sense.  

I’ve found that consistency and authenticity not only build long-term relationships but also open doors for lead generation.

I co-own a STR PM Co with around 90 doors currently and am also a broker who specializes in STR Investor acquisitions. 

Both houses have detached garages and I have been considering turning the garages into 1 bedroom units.