However, it is an old home and you are thinking about major cosmetic upgrades too.    

Since you just starting to rent it out I would include the down payment and any major repairs you have done.

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.

Our first accepted offer was a 320 unit deal that we contracted, put up non-refundable (yeah, I know) earnest money, and thought we had our financing and money in place to do the deal.  2 weeks before closing a major (several million) partner pulled out leaving us short of the funds needed to close. 

What is the end product of your effort and where is it located, how long will it take to sell?

Dan your market/assets/tenants are on a totally different level than a good majority of the rest of the country. 

But enough to make to do all the cosmetics along with a few major items like HVAC, appliances, etc.

I think they've done a great job of building their product and if you already have a property listed on Airbnb, it's super easy to import to MiniStays (though it's not difficult to list your property there if you don't.)

.: Hi there,I have an investment property in Atlanta and over the past year, the property had major challenges due to squatters.

I cannot assist w/ the acquisition of the property but do have an FHA product that is specific for home improvements.