CASH Lessons learned?

They are a great way to learn the day to day of the PM world. 

I'm ready to learn and eager to find/team with an experienced mentor in the Metro Detroit area.  

If I learned anything it's that your project is as good as your GC. 

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.

Reading and watching BP podcasts to learn.

I found out pretty quick my skills from years of running LTR didn't translate to STR and had to learn a whole new set of skills (some of which I already had from a career working with the public).  

Be ready for continuous learning and remember that networking is essential in this industry.

There comes a point where having a real estate-savvy tax preparer outweighs your time learning a new software. 

If you can house hack where you are at, that alone will be enough learning to give you a good taste of what you might be looking for.