I'm sure they will just pay it and get it sorted out but I think the last minute complication threw them for a loop!

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 couldn't attend, but figured it'd be similar to the last listening session.

I will say you do enough underwriting and something will eventually get missed (my last rehab was my first to go way over budget due to various reasons so I am not perfect).  

I think by waiting to last minute to put things together you miss items and year end tax planning becomes problematic.

I'm a college senior here in Middletown and I was exactly in your shoes last year.

My last purchase (built 1900) has no closets.

Seller decided to back out at the last moment for some arbitrary reason and just didn’t show up to closing to sign the docs.

I lived in Houston for a dozen years (moved last summer) and really wanted to make an STR work, but I just couldn't get there.

In the last 5 years, we've invested over $300k of savings toward down payments and rehabs.