Looking forward to learning from each other!

Always happy to connect and learn from others working in this market.Looking forward to hearing what you think!

@Jay Sloan  Hello, for someone who is interested in learning about commercial real estate can you tell me why the proof of funds from Peter Harris' company seemed out of the ordinary? 

You can always use a software like Turbo-Tax and follow the prompts.

I also want to learn about other types of investment besides real estate so if you have any suggestions let me know. 

The sum total of taxes of each of the 4 units will usually be higher than if it were apartments.

Since I learned a lot from this community, I wanted to share my success with you. 

(gross rents $4900; 8% PM; mortgage+insur+taxes = $3600/mo).

Looking to learn how your experience was with going through the permitting process in the city and if you used any vendors that were a positive resource for the process.

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.