: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.

I'm being paid by you and the lower the price I can get for you, the higher my commission.

Looks like 1031 might be an option.

So I have a non-primary house that is valued at $220k on Zillow (just a reference point), what options do I have to finance around 100k out of it to renovate the house?

Lots of deals "in the works" but nothing at the moment.Unless find a way to get more deals in front of me, two things will happen:* My money will sit idle while waiting for a deal, reducing my effective yield* I may have to settle for a lower return among my few choicesHow do I go about opening the deal flow floodgates?

My other rental people ask for a lower price and I meet in the middle.

I too am looking at Detroit as an OOS option and would love to see your neighborhood info.

So, that shrewd bidder got it for the lower price.With regard to deposits, the deposit in my market is based on the price of the winning bid. 

Get the cost analysis and blue prints done and work it out with the construction loan committee and start the work draw phase.The other options which can be a little easier is buy a home that will pass an Inspection/appraisal and not be "Subject to" but does need a lot of TLC/renovations and do it yourself.

If it's a lower class neighborhood you are probably going to put in $75 ceiling fans.