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Updated almost 3 years ago,
What are you charging for rent in Detroit?
What are you charging for rent in Detroit? What zip code? How many bedrooms? Is it a section 8 tenant? I've been doing some research, running some numbers and at $800-$900 per month plus repairs plus the ridiculously high property taxes I would barely cashflow as a new out of state investor. How are you making it work? Is Detroit even worth my time. (I'm originally from the Detroit so I know how rough it is)
And if you are one of the lucky ones who managed to purchase 15 houses for $10K back in 2010 thanks but no thanks (just kidding)