Questions for Rental Property Investors in the city of Detroit

[Ashley Robinson]

Happy Investing,

I am a new virtual investor, currently analyzing a deal. I am looking to connect with local buy and hold investors in the city of Detroit to learn the desired ROI being sought on a rental property in the current market? Typically, what percentage of the rent is set aside for costs ie insurance, taxes, incidentals, property management? Are investors using the 1%, 2% or calculating ROI percentage or a mixture of all three to analyze the profitability of property. What buy price are investors looking to stay around when purchasing a rental within the city?

 Thank you for your help in advance.