With a duplex you get more control, maybe more write offs, but obviously more hands on and the potential for higher vacancy.

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.

It appraised for 320k which is obviously a great spread but you have to remember closing costs, carrying costs, hard money costs and the cost of the refinance.

Flooring) to help with costs, but that only helps a bit.

Many of my clients use him, not sure about rates, but he understands STR and what is needed.

Note: I say this also assuming you can afford the negative cash flow, but if you cannot, then get out as soon as you can. 

Only a couple deals under the belt, but would love to connect.

I understand it’s a different market but I think $1200 is a pipe dream.

The agents I have worked with have not really been a source of off market deals but that doesn't mean that it can't happen.

I told them the price, which was fair for the market, but everyone wanted a deal.