You have come to the right place to explore different ways to generate passive income.

Try this link: Publication 5653 (6-2022)

You should to talk to @Andrew Postell He is the best mortgage guy for this.

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.

Glad to have you as a part of this awesome community, Simon! 

I don't know how many people are going to show up but here's the link.

This is a great place to learn and to connect with people so take advantage of all the great resources.Welcome aboard and best of luck investing!

I do all of this remotely, so I use the above process to filter out 90% of the properties and then send the other 10% to my local team for verification.

This can save months of headache in MA trying to evict 

He works in this space.