Take ownership of your mistake and learn to do the proper due diligence recommended above😊

Of course our big motivation is commission but you can get commission or a referral fee or something in an off market transaction if done properly.

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.

I felt like checking a little bit more so I ran a proper background check on her and was shocked to find that she has multiple felonies including jail time.

Buying a property without doing the proper inspections. 3.

If there are newer multifamily properties near you (or properly renovated), definitely something to consider! 

If you get a quote significantly below the numbers above you need to ensure that the contractor will actually execute the work and perform it to the required standard. 

It ensures the community is full of active LP investors, not just anyone. 

The best way to solve this situation now would be by ensuring you've presented the units in the most attractive way possible.

I agree with Aristotle-get paperwork in order now to ensure when the time comes, you have less to deal with.