I’m very open to mentorship through Zoom, virtually, or in person, and I’m hungry to learn, grow, and make something positive out of my second chance—so any mentorship, guidance, or opportunity to help me get my first deal would truly mean the world to me.Try Youtube.com 

Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

I am finally in a position where I believe I am ready to jump in! 

But could be a key in your positioning of it to sell. 

Is a equity position the same kind of math?

In my area, that seems very difficult because that ratio is around 0.5% so you basically end up paying the mortgage, taxes and no positive cashflow whatsoever. 

And with the SALT cap now higher through 2030, there’s a window to stack deductions more strategically—especially for investors in high-tax states.

On 3 we got fixed financing at 4.25% and 4.75% interest, which made those new builds positive cashflow. 

That takes your loan down another $200K and is probably the difference maker in being negative vs positive.

It is possible that the HOA fee is too low, but my thought is that even if the fee goes up, I have enough positive cash flow to cover it.