Verifying last 2 years of rental history very important!

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.

My favorite source is Navy Federal for its long draw period of 20 years, and Figure for its fast funding.  

Our big cost is the mortgage interest, which is 8.3% on approximately $360,000, last year our mortgage interest was about $25,000.

@Jaycee Greene I think if I did a long term rental it would rent between $2k and $2.3K.

If you qualify for both (you've lived in the property long enough and it is used for investment when you sell it) then you get to take both.

Note - if you live in your property for 2 years out of the last 5, then you don’t pay taxes on the profit. 

Their millennial population has seen a 25% increase over the last 5 years and the baby boomer population has grown by 13%.

Memphis has a steady, growing economy, and there’s always demand for rentals, which makes it a great long-term bet.

Some examples of properties with high asset reclassification include medical clinics and hospitals with technical machinery and labs, grocery stores with machinery, shopping centers with rainwater drainage systems and large parking areas, industrial manufacturing facilities with advanced equipment, apartment buildings in suburban areas with swimming pools, golf courses, tennis courts and large parking areas for tenants.Here’s a list of the average amount of assets that can be reclassified into shorter asset life classes based upon the type of property.