Duplexes for sale starting at $585,000 with a 3.75% interest rate.

Quote from @Mya Toohey: With my STRs here in Tampa Florida.  

Quote from @Jorge Abreu: When I first got into syndication, I started with a 37-unit property.

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.

Quote from @Mike Weigel: Hello Bigger Pockets community.

@Bennie Smith we've got a map at our website that we spent quite a bit on, to help investors understand what Detroit Neighborhoods they may want to invest in.DM us to discuss more as Moderators may delete this thread if we cover too much here.

Quote from @Ryan Blake: As a property owner, I get a lot of these calls.

I'd love to learn some more!

It does seem very interesting (and lucrative), but also overwhelming!

Everyone will have a different opinion on this but personally I'm not a fan of new construction.