Hi @Briley RoeNice to hear that you made the first step in investing.Looking at the deals, I would need more information, but per the data that you have, the Cap Rate is within a good acceptable amount.Cash on cash is low, but depending on the area that you are the appreciation will catch up.

As population grows, housing demand increases, driving rents higher.Rapid and Sustained Appreciation: Not all cities with growing populations appreciate rapidly.

Having owned property in rockford its not a great appreciation area so getting a HELOC will probably take 5-10 years based on loan pay down and maybe some slight appreciation.

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.

Properties have appreciated to insane heights in the Poconos, the metropolitan area I cover has been a decent appreciation gain, but not like the vacation market!

I would greatly appreciate it.Thanks,SG There are lenders out there either with low LTV or high fees  pick your poison

You have larger loan buy downs and the appreciation dollar amount is higher.

Much appreciated!

Germain Act could work if you qualify, but if you can’t refinance right away, you’ll need to consider future plans.For whether to sell or keep the properties, selling gives you liquidity and eliminates mortgage obligations, but you miss out on future appreciation.

And Rents usually get paid around the 10th of each month.All input is appreciated.