Paint, flooring, updated bathroomsLessons learned?

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.

Lessons learned?

Lessons learned?

Right now, I’m actively learning and planning to start my first projects this year.

It's an amazing place to learn and grow in real estate.

What’s been your biggest win (or lesson learned) in distressed property investing?

UPDATE:  Just chatted with the city and learned that variances have a high threshold for approval.  

Lessons learned?

Turned out great it is my favorite padsplit remodel Lessons learned?