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.

Are there any lenders who are lower than this, I've been brokering myself.

As more people placed more properties in STR inventory, and as more municipalities taxed and regulated the industry, the profitability of the overall industry has reverted to a much more aligned (lower) risk adjusted return.  

Lower the price2.

Suggesting to them buying their house for a wholesale range offer or lower dependent on the extent of the rehab, then having a contract in place that gives them a percentage of the profit to help get them back on their feet, paying off debts etc.

Part of the scheme involved issuing “Accelerated Promissory Notes” offering a fixed 12% annual return over four years ( Link ).On page 8 of the SEC’s charging document, part of the scheme was issuing to investors “Accelerated Promissory Notes” that offered a fixed 12% annual return over four years ( Link ).That this is the same “Ron Fossum,” is clear from his included background search.

If they are taking the risk of borrowing they would want to charge you a premium for the risk they are taking. 

I would tell people today that if you buy a primary residence expect to stay in that home for atleast five years, especially with a FHA loan which has lower down payment as the current forecasts for home appreciation or very low which with closing costs on the buy and sell, it will take several years to have equity in the property and enough to be able to sell, so that is something also to consider.

We tell tenants NOT to change their locks, we are happy to do so for them at no charge if they are ever afraid someone might have a key that they do not want to have a key.  

Taxes are half the cost compared to CA and insurance is lower if not by the water.