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.

KC’s market has been resilient, and with inventory still tight, I think we’ll see solid demand for well-executed flips—especially if rates stabilize.I work with investors sourcing off-market properties across the metro, and my team keeps deals exclusive to our private network—no bidding wars, just first come, first served.

With no appreciation, you will have less than 40% LTV and with modest appreciation you will have less than 30% LTV.  

Very few investors (young or old) started out no $$$. 

The northland MAREI meeting and the main monthly meeting at MAREI have a minimal fee, or for $99 a year you can attend all of them for no extra charge - northland is in person, the main meeting is still online, both are great ways to connect and learn. 

I will ask him to carry the loan for 5 years, no interest🤔, with $40k down and a balloon payment The 6th year.

Hey Kenny no it's more out the money to work and if needed get personally involved right right now have 3 clients I helped raised 175k in 0% interest business funding with 12 months 0 apr and they want to get going in real estate and make modest returns not shooting for home runs 

I appreciate your willingness to share your experience in Fort Wayne—that would definitely be helpful.Since you’re no longer in the area, do you happen to know anyone who might be available to serve as boots on the ground?

If it's rehabbed nicely, then you will no issues finding a tenant.

It is our full time job (so no other W2 job for us).