I have an opportunity to JV with a company that has identified properties and will fix/flip.

Make sure to ask for client referrals and interview more than one company in Flint.

I was new to the SFR investment world, and it was important to me to work with company with good reputation that can act quickly.

I also have a background in software, having founded and sold the majority of my software company in 2014.

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.

-you can't do a BRRRR without a major rehab. 

However, the average lifespan of companies is 10 to 18 years, so every private-sector job your tenants have will eventually disappear.

Hot tubs can be a major revenue booster for STRs, especially in colder climates or vacation destinations.

In other words, your personal holding company isn't terribly relevant to the discussion.

We are extremely unhappy with our property management company.