We discussed a few more items last night and I will make sure we follow through for you on those.

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.

There have definitely been many surprises along the way and lots of lessons learned getting our bnb set up.

Lessons learned?

Lessons learned?

Still have the duplex and using it for the next deal as collateral on our first multifam 18 unit apartment complex Lessons learned?

Sure, just sent! 

I am new in this game and here to learn everything.

This is a great place to learn and to connect with people so take advantage of all the great resources.Welcome aboard and best of luck investing!

I've accepted that I will take a significant loss on this, and have already learned a ton from it, but I would like to reduce the total loss as much as possible.