Until we can actually close probably would be early next week earliest. 

New landlord and she's still not paying rent probably because she knows she has a lot of time before you get everything together (proof of non-payment, copies of lease, etc), before you can evict her.

It probably would have cost me about $10k more, but I would have still been able to secure the property.

But with more it could probably be apraised for 500k ARV or more.Also the house has a lot of rental income potential aswell.

As you can see we are still cleaning up a few major things, so we probably can't work on that right away.

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.

If they keep it until they die it would probably pass to family tax free - at least federally.My 2 cents.Randy 

Buy that if want, it's probably closer to the 3-5s.  

Then I'd probably have an LLC. 

If you're serious about this, it's probably time to reach out to an attorney for more nuanced advice.Thanks for the reply Dominic.