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.

but if you have a view on active vs. passive income.my goal is to have income from multiple sources, ideally part time work that i enjoy is a component. 

Let me know if you plan to make it so I can let the owner know and he can make sure they are properly prepared.

Market timing, properly acquired property, personal capital available How did you find this deal and how did you negotiate it?

Go direct to seller, learn to source your own deals and you will be successful  

Foremost, Proper are 2 big ones.Don't skimp and get the place insured properly.

Get an attorney and get these losers out then hire a property manager to properly vet any future tenants! 

The best defense against rats entering your property is to seal off all entry points (holes, cracks in walls), remove food sources (dirty dishes, food left in trash cans), and water sources (like leaks). 

How would you recommend, or what resources would you refer for us to properly figure out how we spend our time and appropriately get compensated for it?

I occasionally get requests to manage commercial and love to have a referral source.