This is my first time buying a home and let’s just say I learned a lot about these fees.

Lessons learned?

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've since learned that isn't the case. 

If you're running a fix & flip business, you'll eventually want to learn how to estimate repairs and independently prepare a scope of work.

I am looking forward to learning from the community and making genuine connections to grow in real estate.

We would like to learn about how we should have went about it so that we can purchase more properties, minimize mistakes, and reduce our reliance on corporate life.

It's an amazing place to learn and grow in real estate.

In regards to your offer, I am always willing to learn more from people who've been there and done that. 

What I've learned in a few markets is some property managers want nothing to do with Section 8.