C+ areas in Columbus, OH and everything surrounding Columbus due to all the development and steadily increasing property values

: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+, 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, 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.

Hi Tristian,Your creative financing deal looks interesting, but there are a few points that you might want to consider or clarify further:Property Appraisal: Since the property was appraised for $700k and you're buying it for $715k, you're already $15k over the appraised value.

Thank you in advance. ( Also I'm in the middle of BRRR book so I'm feeling motivated )  Hey Dylan, I am also a local investor in your area, I would love to connect with you and see how we can each be of a value to each other.

Noa,You can do a cash out refinance where you will be maxed at 80% LTV so around $140K based on the $175K value.

For me - I must have value add - whether that means expansion, increasing rates, occupancy %, moving to automation and managing remotely etc - there needs to be a for sure way I can add value and streamline operations.

I’ve been investing in Detroit for several years and along with cash flow property values have started to increase significantly.

The challenges include - Interest rates - that are as high as they have been in 20 years; property values - which have doubled and tripled in the past 3-5 years.  

I would buy in a market where you will see the best appreciation because you won't be able to force appreciation like you can with value-add opportunities. 

Sellers have too high of expectations, too high a chance for holdouts who bog down sales and too many eyeballs questioning your transaction “creativity.”There’s money to be made but you need to think through how you add value.