I'd be a hard no in their position.

I'm surprised you're still hearing negative things about it considering there's been so much positive press and chatter lately.

This could turn a potential loss into positive cash flow while protecting your property’s value.

We were in a financial position where we could keep our existing home, upgrade, and purchase another home.

A successful rental property should offer positive cash flow, meaning your rental income should exceed your monthly expenses (mortgage, taxes, insurance, maintenance, etc.).To find the right tenants, ensure the property is priced competitively within the local rental market.

I plan on getting a property every year until I retire if I can find a good deal that cash flows positively.

If it's not positively cash flowing, it's not an asset. so what's the point of holding it?

Right now you may see them as less than suitable for partnering with, Maybe rethinking your own position about making money with them might produce a profit.

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.

With your renovation background, you're well-positioned to excel in house flipping.