Hey Adam,I’ve been in the Tampa real estate game for 20 years as an investor and owner of a property management company.

Quote from @Dave Chengoue: Quote from @Wale Lawal: @Dave ChengoueIt's great to see your focus on multifamily properties and your clear plan for self-management.

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.

This is a question for your attorney and accountant on how you will manage the company etc.

Do managers that advertise 8% only do 8% when there's a bundle of doors to manage?

It took quite a good time (~6months) even with a property manager but finally found the renter after rent decrease by 200$.

I have a few rentals with section 8, and they are professionally managed.

Managing a rental (even if it cash flows) comes with responsibilities, and it might not be worth it for $300 a month.

Do you manage your property yourself?

Wrong Property Management ApproachIt doesn’t matter how good the people who are doing the property management are, if they are not using a property management approach designed for co-living, everyone loses.