Verifying last 2 years of rental history very important!

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.

What you need to do is sit down and make a list of your 3 month, 6 month, 1 year, 3 year, 5 year, 10 year goals.

Over the years, he acquired more homes, duplexes, and even a small apartment complex.But despite his growing success, Michael had one fatal flaw—he couldn’t let go.The Burden of ControlMichael was everywhere.

Verifying last 2 years of rental history very important!

Fixed at 3.5 for ten years variable after that up to 10.50 with 2 point max every two years.

The program is designed to assist low-income families, and these benchmarks might exclude a lot of qualified people.That said, the requirement for stable rental and work history is reasonable, but you might consider relaxing the credit score or income requirements since Section 8 guarantees a portion of the rent.

Considering thousands of properties were built before 1978, I imagine the first year will be rocky.

At every single point in history, people think that the market as it is then, is so hard, and so expensive to get into.

We over hauled our stuff in 2025 year, and got our tenants making payments via the app.