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.

Power washing the exterior, repairing the driveway, and painting the front door What was the outcome?

Couple hundred bucks a door monthly cash flow, solid ROI, and yes plenty appreciation (#1 appreciating city 2023).

Super cool idea I think - win-win for everyone, you make extra $, cleaner makes extra $, guest gets what they want and can have a unique memorable experience.Opens the door for lots of different "package" types What's the downside?

Thinking $200 a door cash flow is good money . 

You can't "force" your way in, but there's no law stopping you from knocking on their door to ask if you can check the furnace/ac unit out.4) Don't escalate as they have possession of your property and to can bad things to it!

MF with many garages to convert to ADUs, parcel splits, full on development, coop/tic with the resources to handle financing challenges, etc.To raise money in this market as a newby will also be challenging unless you can get it from friends and family.

We have 8 doors and my husband is beyond frustrated with how long it takes for us to get funds from Stessa.

Its the easiest way to buy up to 4 doors for only 3.5% down. 

The floorplan I'm interested has a slab foundation, 2 story, 6844sqft (1711sqft/unit), 3br/2.5th, garage, and W/D.