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.

Years ago I spent many months working in Indianapolis and staying at the Canal Street apartments. 

And DIY repairs are not recommended for other reasons: it will take you much longer to complete, depriving you of rental income, and you run a high risk of your wife becoming your ex-wife.Same risk exists if you push your wife into becoming a Realtor or some other real estate activity just for the sake of tax benefits.

@Christine VasquezHow high can housing prices in the City of Detroit go?

Highly recommend Umbrella Insurance ^

Talk to your attorney, and if you dont have one, get one - as @Ken M. said, this is highly specific to the state and the circumstances.

I said that was too high for me and offered $170,000. 

we just managed to get ong to run all new lines and separate meters for our whole apartment complex at no cost to us. 

While I’m not an investor myself, I work with highly trained VAs who support real estate professionals in generating direct-to-seller leads.

Granted, I am a part-time flipper, but most houses I see the pricing does not make sense for what I have to pay for labor.