that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

I can add value to RE by adding a bathroom, renovating the kitchen, ADU, etc.

Unless a PM company has THOUSANDS of doors, this is not profitable. 

Chicago title in the day their customer service department kept a spread sheet for me of all the NODS in the 4 county market of Portland OR that is 3 Oregon counties and clark co was across the river.. this spread sheet which they updated daily would show address  lien position and property tax and any other judgements like IRS .. this was a service to garner my RE companies business I had 50 agents at the time working for me plus all my personal volume .. then I had a team of door knockers who started knocking doors ONLY within 7 days of the sale date ( as thats when people get really motivated to do something) Once a deal was struck ( we negotiated how much we were going to pay them and how long they could stay ( rent free mind you) the deal was done over the kitchen table cashiers check to them in exchange for a deed to me..

We have 8 doors and my husband is beyond frustrated with how long it takes for us to get funds from Stessa.

In my early days of rehabbing I used to wonder how the heck do people miss-fire and pee all over bathroom floors.

Couple hundred bucks a door monthly cash flow, solid ROI, and yes plenty appreciation (#1 appreciating city 2023).

Consider looking for a large single-family home with the ability to add more rooms or bathrooms, then rent it out by the room. 

A tip would be knowing The number of doors you qualify for from a lender, And then looking at financial statements from places a little smaller and a little bigger.

They are far more common now and harder to find models without but:1) these add cost to the purchase price2) they don't bring a lot of value3) they can leak or detach and damage the propertyI own around 50 doors and I cap off the line at the wall or in the basement with a valve and a cap so the potential for leaks is 0.00001% :-)