With hardwork and ceasing opportunities we've managed to be part of this major asset and making it even better.

All but one of the family members are on board, and we collectively own the majority, but it's 55% and the bank requires 60%.

I do the majority of my leasing on Facebook and Zillow and I never ask for an ID.

For example do you have a great w2 and can you afford to cover costs of a major repair or 3 months of vacancy?

I work in the medical field and know that Jax has several major hospital systems along with a growing economy.

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 don't see it as an issue but many still do, at least in my small town where the majority of renters are elderly people looking for low maintenance housing options.

When was it built, and how old are the major systems?

Enforcing the "waste" clause (neglect or destruction of part of the asset backing the note will simply lead to foreclosure anyway). 

I'm curious what the demand is for midterm rentals...outside of major metropolitan areas.