Part of considering acquiring a property should include additional possibilities.

If you have a “bad” tenant get rid of them as soon as possible, including paying them to leave.  

Future returns are never, N-E-V-E-R guaranteed.

Plan to buy at 4 duplex and a single family(which includes a lot) this year.

Both units rented at $1500/mo with all utilities included.

Proceeds to segregated account to be disbursed ONLY on rental property improvements and expenses to preserve the deductibility of interest on your Schedule E.

I want to mention that the $16k quote includes all new trim around windows & doors, a $3,500 addition to proposal.

It should include details like the purchase price, property description, and terms of sale.

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.

Apparently there was supposed to be an emergency meeting last week with all GPs and LPs but somehow I did not get the email.