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.

Meaning if you invest around 200,000 for a nice sized 1bed 1.5 adu Im sure you can rent close to $2000/m.

Also, check to see if you can find lenders with low or no closing costs.Curious—what’s the partnership you’re looking at?

Whoever gives me the most business and has an excellent close record will first be presented with off-market opportunities. 

If the leases end up in the realm of where we believe they will the value of the building will go up a good amount and we will have close to 1 million in equity.  

Hi, does anyone have recommendations on investor friendly closing attorneys in Rochester, Syracuse, or Utica (or other area of Central New York)?

As you know, marketing and price are both very important, and vacancy will significantly impact your income, so you are almost always better off charging a lower price and getting it filled with a good tenant.  

If you have that kind of money you should be closing deals, not wholesaling them.By the way, wholesaling is NOT investing, you're not holding the properties, your trading them. 

Unlike banks, which offer limited loan options, brokers have access to a wide network of lenders, including niche and non-traditional financing sources.Here’s what they do:Assess your financial situation to determine your borrowing power.Compare multiple loan products to find the most favorable terms.Negotiate rates and terms with lenders on your behalf.Guide you through the application process, ensuring you meet all requirements.Example: Suppose you have a lower credit score or unconventional income sources.

Most check-ins/out should be close to automatic.With our 12 properties (9 ours and 3 cohosting) we get 1 phone call every 2-3 weeks.