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.

Building a strong team (agent, contractor, lender, property manager) is key—seek referrals from experienced investors.

If numbers work and risks are manageable, this could be a solid house hack!

Managed and renovated entire triplex in a newly revitalized area.

This is a question for your attorney and accountant on how you will manage the company etc.

That brings us to 2- the ability to negotiate to CREATE a good/great deal3- financial staying power (being able to survive when things go south)4 - property management 5- creativity 

I've learned a lot on the managing side of the business, as well as the rehab side DIYing a lot of the work myself.

I'm looking for a spreadsheet or tool to use an example to log and track hours spent on real estate Managment.

If the lienor failed to follow the statutory requirements to perfect the lien, the title insurer will probably advise the management company of the problem and request they record a release. 

You need a reserve to handle unexpected costs, particularly during the first 1-2 years of ownership and learning how to manage the property.