. - I've had multiple vacancies, including one where the tenant left after a year and cost me $6k in turn costs.

I would also include 'creative financing available' at the beginning of the listing description to capture everyone else looking on Zillow, etc

Be sure to include one of more exit strategies in your LLC documents.

Everybody who invests in Southeast Mexico, including myself, knows that the typical property doesn't offer ROI upwards of 10%-15% but way less.

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.

Local or out of state work if the deal is right. in fact, consider including the numbers for a property manager anyway.

If you are considering long term holding always remember to include your reserves for cap ex, maintenance & vacancy. 

Yes, having tenants pay ACH via a Tenant Portal software is best, but not all will cooperate and some will play games that result in NSF charges.We allow tenants to deposit cash/check/money order directly at our bank into our account.Many Class C & D tenants have challenges adapting to unfamiliar ways to pay and is often not worth the hassle (and possible evictions) to get them to change:(

If not, take this moment to adjust, including in case of divorce, mental/physical health, etc. 

All these strategies work, but the less money you have, the more you need to know the game and surround yourself with good people. $25K can absolutely get you started—it’s all about finding the right approach for your situation.