Run your numbers based on youre required return given what youre likely to have to spend and the amount of headache, risk, and work you have to do.

You have to be able to have the full amount in cash within a few weeks of the auction.

Cats can be great, or they can do incredible amounts of damage.You must either increase your damage deposit, or charge a hefty non-refundable fee.

You would need car and renters insurance with a minimum amount of liability coverage in order to qualify.4.

Hudson is a pretty "touristy" town, so BnB's became a big thing and the local gov't was concerned about the amount of long term housing available.

I would be very weary about buying another property in today’s market unless you are extremely experienced or have done an extreme amount of research.

You could do many of these and increase capital, and/OR do this to find a discounted property.The next area you can earn more capital or decrease the amount to pay for a property, is rehabbing and possibly flipping.

This is the difference between the loan amount and the purchase price.

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.

@Chris Wagner- That's just too low an amount to make the claim worth it.