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.

There are major differences between SFH, small and large multifamily, though. 2.

Check the property: Make sure it’s in decent shape – no need to take on a major project right away.

The right property manager will take up majority of the workload for managing tenants / maintenance and everything else. 

I know I am really condensing ALOT of things….but if you guys could help give 3 major pointers in the pre foreclosure and foreclosure part  on this for someone who HAS real estate already (I have a condo in Mexico).

Your HOA also will have to unless they are organized as a 501c3 which most are not.

One thing I’ve picked up from years of managing rentals in San Diego is that organization is everything..

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

I don't have the funds saved up for any major renovations but am looking for something that needs a little TLC.

They say they are not liable for inaccuracies but the number of bedrooms, bathrooms, and unit amount seems incredibly major.