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.Section 8: Rents are too high for the program and cash paying tenants are better overall.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 yearsSection 8: Rents are usually too high for the program.Class C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

If your brother is looking to invest in real estate largely from a tax reduction standpoint they should pay a qualified real estate tax strategist to review their specific situation and what may or may not work for them. 

A structural issue like this - even resolved - can hurt the value of your property.

And company VP gave good employment reference review from company email ID.

The fact that they share a wall doesn’t change the fact that they’re independent properties.2️⃣ Provide local market comps – If no duplex comps exist, that means the market isn’t valuing properties this way.

My team and I are actively working on a hotel-to-multifamily conversion and growing our portfolio of value-add apartment properties.

What are other high net worth individuals paying in broker commissions these days, for high value properties?  

It has gained some value as properties have been rehabbed or new construction has been built, but there is still a long way to go and a lot of equity to be gained.  

And FHFA is currently drafting a recommended approach to the termination of the conservatorship, for Treasury review, which they began before this Administration took power.A return to independence for Fannie and Freddie could promote a healthier mortgage market and lower costs for consumers.

I know it's a balance of reality, values, and what makes one happy that guide our decisions.