Estimated cost for remaining changes (all new electric, drywall, tile, fixtures, cabinets, roof, doors, windows, heat pump, some siding, and fencing.

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.

We wouldn’t want to resell within a year for the reason you mentioned, but we’re starting to think it’s a smarter strategy to buy and quickly fix up a duplex or more to first get our foot in the door.

Coming from a family of lawyers the ones in my experience that make less than that are usually just not that motivated or are not that good at what they do.  or

Compliance items such as adding smoke detectors, hand rails, fire resistant garage entry-door and new stairs outside.

Quote from @Denise Brown-Puryearise Brown-Puryear: Quote from @Jamie Bateman: For full disclosure, I will say that I am a partner in a brand new loan servicing company that just opened its doors.

So many of the builds I've visited, some multiple times, seem to be frozen in time: the homes are dried-in (roof paper, windows and doors), tiled floors, drywall installed, and then a dead-stop.

Kitchen cabinet handles were placed upside down, cabinet doors were installed backwards, electrical line for thermostat was ran on the inside of the bedroom exposed, trash swept into newly installs vents from the furnace, cracked tub, wall switches were installed sideways in some rooms, wall outlets were installed upside down on some walls, list goes on.

Smart tech, such as fast Wi-Fi, streaming services, and keyless entry, consistently gets positive feedback, as do luxury bathroom additions like plush towels and rain showers.

This is awesome, especially this advice for others inside of your own goal - "The goal for me this year isn't just to buy more doors, but to make a strategic leap into larger-scale projects."