Thanks for sharing your feedback on Stessa as I feel that not having a good response time from any entity is an issue for most automated systems with no strong back office support.  

You have $190,000 in equity earring $7,200/year when there are no repairs and no vacancies.

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.

Of course values fluctuate and this is over a long period of time.What LA and NY also have that other markets may not is high paying jobs mixed with no land to build more housing.

These are the top three features I always keep in mind when evaluating a potential property:1️⃣ Location Matters: Properties near attractions, with great walkability, or offering something unique—like a waterfront or mountain view—tend to perform better.

My own home has no closets.

I've done (and others have too) seller financing where little or no cash is involved at closing.

Go for rock roads and no water drain or septic systems.  

No other way around it.

No free weeks, no reduced deposit, etc.