And A LOT of learning lessons.

You will have to verify those yourselves to ensure you end up with correct operating expenses.Quote from @Andrew Newcomb: Just following up on this in case anyone is still following:I learned about "cap rate" and "cash on cash" metrics in the BP learning articles and watched a couple vids on the BP rental calculator showing how it calcs those metrics for a prop (you have to add the details like loan info, expenses, etc). very cool tool.

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.

Lesson learned: slow follow-ups and poor lead management can be expensive.I knew I had to change how I handled leads, so I started automating follow-ups—and the difference was huge.

Good people gave me work, I learned more skill, more money, worked hard!

You can earn commissions while learning and tapping into an existing network - all with potential partnership opportunities before you go out alone. 

Buy and hold for cash-flow Lessons learned?

I enjoyed meeting you and was truly impressed by your dedication to learning about real estate investment and development in depth.Congratulations to the four students who have already completed the course and received their certificates at the event! 

HIWe are Canadians and have been investing in the US for 8 years now We have learn a lot from early mistakes  and are more then willing to shar what we have discovered with anyone who wants to chat.

Welcome and Good Luck @William Grantham BP is a great place to learn and get assistance.