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.

You probably don't want to live next door to tenants; ideally, they would just think you're also renters. 

I own over 100 residential doors and three smaller commercial deals.

Quote from @Jon LaBorde: @Jerryll Noorden ok that sounds good, but currently I’m just trying to get my foot in the door, so I’m not expecting to become a millionaire from this plan and by no means am I expecting this to work as my only marketing route in the business for more than a time or two, but I’d just like to get started in wholesaling and with this information I think it gave me everything I need l and I’m thinking I’m gonna give this plan a shot but I’ll definitely be looking to expand and adapt as I grow as a wholesaler.

Drive to store / supply house #2 for materials.Shop for and purchase materials at sore / supply house #2.Drive to store / supply house #3 for materials.Shop for and purchase materials at sore / supply house #3.Drive to store / supply house #4 for materials.Shop for and purchase materials at sore / supply house #4.Drive to the property.Do the following repairs at the property.Bathroom 1 : Shower/Tub Caulking | Re-caulk tubBathroom 1 : Toilet bolt caps | Missing bolt capBathroom 1 : Window Covering | Missing miniblindsBedroom 1: closest to the front door : Door/Knob/Lock | Door know needs tightenedNeeds deadbolt installedBedroom 1: closest to the front door : Window Covering | Broken miniblinds needs repacedKitchen 1 : Wall/Ceiling | Pull nails and spackleLiving Room 1 : Wall/Ceiling | Nail and holes in panelingLiving Room 1 : Window Covering | Miniblinds need repairedEntry 1 : Security/Screen Door | Replace Exterior Door ScreenEntry 1 : Wall/Ceiling | Spackle and paintBathroom 1 : Door Stop | Replace door stopBathroom 1 : Light Fixture | Replace bulbBathroom 1 : Shower/Tub Caulking | Re-silicone tubBathroom 1 : Toilet bowl/lid/seat | Replace toilet seatBathroom 1 : Toilet Paper Holder | Replace toilet paper holderBathroom 1 : Tub/Shower | Relay loose shower tilesBedroom 1: closest to the front door : Closet/Door/Track/Shelving | Install Closet RodBedroom 1: closest to the front door : Light Fixture/Fan | Fan light does not work - replace fanBedroom 2: 2nd closest to the front door : Closet/Door/Track/Shelving | Replace closet rodBedroom 2: 2nd closest to the front door : Window Covering | Replace blindsBedroom 3: furthest from the front door : Switch/Outlet | Install smoke/CO detectorBedroom 3: furthest from the front door : Window Covering | Replace blindDining Room 1 : Window Covering | Replace BlindHallway/Stairs 1 : Light Fixture | Replace bulbHallway/Stairs 1 : Other | Replace blindKitchen 1 : Window Covering | Replace other blindLaundry Room 1 : Light Fixture/Fan | Replace bulbLiving Room 1 : Switch/Outlet | Replace OutletsLiving Room 1 : Window Covering | Replace BlindsBasement 1 : Light Fixture/Fan | Replace bulbSystems 1 : Thermostat | Reattach thermostat 1.

Quote from @Amol Kulkarni: I have 3 doors that need to be managed in Jax and Citrus Spring.

I own 4 doors here in the Midwest and am excited to add more doors as I continue this investing journey.

Couple hundred bucks a door monthly cash flow, solid ROI, and yes plenty of appreciation.I personally make well over $100k/yr cash flow from 21 properties here.

However if you had done a warranty deed (or a special warranty deed if you still have a mortgage on it) instead, your LLC has a claim against you for the issue on the title, and you in turn can go back to your initial title insurance to fix it.Some title insurance will allow to transfer the coverage to an LLC that you own 100%, but not all of them do or they may require an additional fee.

Nothing that can really do or happen but were you aware the borrower was in default at the time?