Sell the house you are in now and take that money tax free (if you've lived in it for 2 out of the last 5 years.2.

Most banks/credit unions use 20-25 years to calculate the P&I payment (aka Debt Service).Lastly, the LTV "standard" is relatively fluid in the industry.

One has no minimum loan amount, another has $50k minimum, and the last has $75k minimum.

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 looked at some properties in the Catskills last week that ultimately didn't fit the criteria.

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.

For the 15 + years I’ve been on BP I’ve seen this reasoning, though there’s less of it in the last 5 years.

Hi Kelly,I am currently with Equity Trust not by choice since they bought out Midland Trust last year (2023).

In fact my last completed purchase (I am under contract now for a different purchase) was huge negative cash flow.  

And most recently the last 3-4 years there were a lot of syndication discussions.