Experience with COTs in Detroit?

[Hardeek Patel]

Recently I was looking at a few investment properties in Detroit.  The research stopped for a few reasons but recently came across an opportunity which sounds pretty good but would like to hear from the experts on these forums.  

Has anyone worked with or current works with COTS?  I would love to hear your experiences.  

A bit about the property:

Unit is tenant occupied, generating monthly income.  The property is managed by COTS and they are the tenant who sublet it to a participant in their program.  Rent is paid monthly by COTS, most utilities paid by the tenant.  

Thank you all in advance

[Aaron B. Lewis]

Hello Hardeek welcome to the D.

This is first I've heard of COTS "managing" properties,but hey I guess it was bound to happen to fill the gap.

My experience  with COTS in past was same as any other shelter or temp housing type agency, great resource for pool of potential tenants but you still MUST SCREEN everyone and have a process (or your prop mgr) that screens out the headaches.

Be careful not to buy someone else's headache,unless that's your goal of course.

Invest wisely. Goals first, then actions.

I agree with Christian, initially I said why the heck is COTS managing but I bet that term is used loosely at best.