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.

To provide a practical example, I acquired a 60,000 SF assemblage that contained an autobody garage, nearly an acre of surface parking and a 4 unit building in Philadelphia.

However, there are small parts of "Clearwater" that are unincorporated and therefore legal for 1 night stays, opening the door for successful operations. 

@Tyler Rabanus your analysis was in the right mindset (covert the garage, renovate to add value), just this property was not working.

My attorney informs me that they are waiting for the court to assign a court officer to post the warrant of removal on the tenant's door.

E.g. you could have adjustments for extra garage, carport, bedroom, etc.So when doing Comps for a typical wholesale or Flip deal how many of these adjustments do you typically run into?

Lot next door- possibly building additional home someday.

You can't "force" your way in, but there's no law stopping you from knocking on their door to ask if you can check the furnace/ac unit out.4) Don't escalate as they have possession of your property and to can bad things to it!

Below that is a parlor floor, which has the highest ceiling in the building and this floor is connected to the ground floor via an interior staircase which we added doors to both ends to break up the lower duplex into two separate living areas.  

Renovations, Additions, ADU's, garage conversions, etc.