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.

Now he has one under his belt he can go out and use that framework to do the next one and the next. 

I don't think 95% fail, I think a vast majority of that don't try.  

One of our parks is 60% POH and in my experience the only way that park pencils as well as it does is to get through all the major repairs, get the homes 'right' and then keep them 'right'. 

here is what we did to have our 90 home project in Oregon standout and compete with the likes of Lennar  and Holt ( major regioinal) and Toll.Kitchens and bathrooms..

With the exception of some small markets in the Southeast, places like Cleveland are the only major metro areas where a regular investor can find cash-flowing assets with a mix of appreciation. 

I believe the owners with the majority ownership share forced the others to sell, but they weren’t cooperating. 

One you have furniture right there ready to go but if you want to make some kind of major design change, then just let it go and get to work on the new look.

Real Estate Investing is for the vast majority of time not classical "investing", it's a business.

Maybe a major news outlet would be interested in covering your story.