It doesn't take long to learn how to spot a good deal.6.

I’ve learned the hard way that a little miscommunication can lead to big headaches.

Add in affordable space and a skilled workforce, and you’ve got a recipe for success.4️⃣ Learning from My ClientsI’m watching my clients crush it with their industrial investments, and it’s inspiring me to grow my own portfolio.

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 great place to learn and to connect with people so take advantage of all the great resources.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

Make a long list of all the lessons you have learned.

My opinion is that an umbrella policy will provide easier and more comprehensive asset protection. 

We increased the rent slightly after the first 24 month lease and were able to recently increase the rent when the first tenant moved out.Lessons learned?

I am learning in the real estate business as well but in the Kentucky/Tennessee Market!