Good morning,I’ve owned a MF in Euclid, Ohio for a few years but just recently started to self-manage it.

I am a FORMER engineer, recently retired.  

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.

Trump has said many times in recent days he wants to prevent evictions, but his latest executive order does not ban evictions.

I have been listening to the Rent to Retirement podcast recently and they have been heavily selling properties in Akron, OH and I have read some really good reviews about their experience.

For example, I looked at one tri-plex that had recently been remodeled with two units being 2/2 @1000 sq feet renting for $2,000 per unit and the third being a 2/1 renting for $1750 asking price of $850K. 

I recently put my STR up as a MTR and found that the best way to price it out was to put on my "traveler hat" and see what was available in the area.

Main questions would be, how long have you owned this and is there any rental income reporting on your most recent return.

My most recent LOI was for a 168-unit property, and I’m also working on LOIs for properties with 200+ units.I’ve had conversations with brokers and, in some cases, even the sellers directly.

Recently Trump has announced the nomination of Scott Turner to be the new Secretary of the Dept of Housing and Urban Development, HUD.