Got a 5% rate calculated for 20 years with a balloon payment in 5 years (2026).

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.

Met a lot of interesting folks over the years. 

I have had room-to-go furniture in 3 of my Airbnb for the last year.

Have you considered going to BPCON in October this year?

Quote from @John Underwood: Are you sure it's not $600 extra per year?

Additionally, it can help maximize renovations and improvements.32.8% of the total depreciable basis was classified as 5-year class life.

One method he introduces is called "Stacking" a great approach if you're not diving fully into real estate yet but want to start by acquiring a few units per year.

@Chelsea DiLuzio 2025 sounds like it will be an exciting year!

The last year we increased 5% points in occupancy.Our Marketing spend:                               2024                         2023SEO                       $18,000                 $21,000  Paying to get our website and location occupancy up as fast as possible from 0% to ??