I couldn't attend, but figured it'd be similar to the last listening session.

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.

I lived in Houston for a dozen years (moved last summer) and really wanted to make an STR work, but I just couldn't get there.

Although in the last couple deals most have come out as 506C deals where only accredited investors are allowed, there are still 506B syndications where you can be a sophisticated investor (self proclaimed) so you don't have to be accredited.

Real estate is and always will be a good idea because it allows you to create lasting generational wealth and leverage cold, hard, tangible assets!

A little frustrated and thinking about being done, we kept the door on the hinges as we finished our last few planes on the bottom corner. 

But if you put in the effort, Detroit can be incredibly rewarding.Over the last several years, the city has been on a steady upswing: population growth, major corporate investments, and increasing demand for housing are all positive indicators.

I purchased my first buy and hold SF rental property last year and turned the property into a student rental as it was very close to a local College.

Over the last 3 months, I’ve moved 4 of our 12 units over to a property manager.

Seller decided to back out at the last moment for some arbitrary reason and just didn’t show up to closing to sign the docs.