Quote from @Bob Stevens: Quote from @Henry Lazerow: In higher crime areas you can still find 1% but it comes with less actual rent collection/costlier issues.  

If anyone is curious I had about $9k collecting dust that is my little "RE Developer" fund and I right now it is up to $11k and growing.

So if you can collect rents into your business either by deeding the properties to your LLC (be careful of the due on sale clause on your mortgages) or by signing a master lease between you and your LLC and having the LLC sublet then that may help.

It is important to note that my business partner is a family member and we are aligned on pursuing whatever strategy is most optimal for our main goal of acquiring as many properties as possible collectively, regardless of ownership percentages on paper. 

I bought my home at the very end of 2021 but really didn't do any work on it or collect rent in 2021. 2022 is when I really started to do work on the rental side/unit of my property.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Accurate withholding is essential to avoid penalties while optimizing these strategies.This post does not create a CPA-Client relationship.

I hope you are blasting deals and collecting Jerrys checks!

Probably collecting social security at 62, maybe 63.I have a rental property that is almost paid off (less than 10k away.)FMV: 280.  

@Megan Mason recommend you watch some of the videos from @James Wise youtube channel on S8 evictions.We've been dealing with S8 tenants for over 20 years and they are NOT a cure-all for rent collection challenges.Since rents in Class A & B areas exceed S8 limits, most of your S8 rentals are going to be in Class C/D areas.