: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+, 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, 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.

In Southern California, multi-family properties offer potential for appreciation along with some cash flow, given the steady population and desirable market, but higher property costs, taxes, and insurance can eat into your profits, and finding a suitable unit in your budget might be competitive.

I think your best bet is to go with a Correspondent Lender like we are because we can get you multiple offers to ensure you get the best rates and terms available for your scenario.The best lender is going to depend on the qualifications of the borrower, the property and tenant type as well as some of the specifics of the lending scenario.For the Borrower:1.

Outside of the typical challenges for out of state investing, what are some of the pitfalls that may be unique to investing in Detroit?

My income is variable but typically around $130,000 annually, with a 60-70% savings rate.I’m just starting out and eager to learn, so any advice, experiences, or strategies you can share would be incredibly helpful.Thank you in advance for your insights.

Can anyone offer advice for how to find contractors who aren't general contractors?

Typically pretty easy in Dallas County as @John Morgan mentions. 

With that said, production ready tools are typically 10-20 years behind what has been demonstrated at research institutes.

Typically, many people would pick a lender purely based on rates and pricing.

You did not underwrite this on any of your offerings though, so you're speaking from direct experience not by observation.