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.

Time is your most scarce resource.

Which I know from being in other business that that does not look good to clients if I have to cancel showing or if I don’t show for showing and pay someone else to show my house I think you can pull it off as long as you set expectations properly with clients upfront and especially if you’re working with people you already know, like other fire fighters for example will be fine with your unpredictable schedule.

Your job is to determine if under the hood of these packages is it is underwrote properly and with a good sponsor.

If I have some cash do you recommend clearing the loan or invest instead for next property with proper planning ? 

This can be good because your realtor will be using them as a resource to help you plan your 1031.

Chalet is a great resource for getting set up with a STR team.

The industry is mature and margins have properly compressed.

BP is a great resource for connecting with lenders. 

In Philly and the surrounding counties, there are some great resources for financing, experienced contractors, and investor-friendly agents who can help with both acquisitions and resales.