Hey Francys, I've been investing in Detroit since 2019 and I've also been working with investors for the last 18 months.The sentiment has drastically changed over time and here's how I'd sum it up.In 2019, when I purchased my first rental in Detroit proper (not the suburbs), I was told that I was crazy.

I completely agree with the sentiments expressed.

Thank you for sharing your encouraging sentiment on your first "down to the studs" rehab.

As best you can find out the regulations and if possible the sentiment of the community. 

I agree with the overwhelming sentiment here that it's a bad idea... however, what about a non-alcoholic wine?

I share the same sentiments. 

What I take issue with is an GP manipulating ( talking general not this specific thread) debt and then setting best cap super low cap exit range that might be reasonable for a limited period of time if everything goes close to perfect.You have debt and investor sentiment change with economic times and boom that plan is out the window.What likely happened is when rates were low everyone was chasing capital from LP's to leverage and raise less equity per deal.

This property holds a lot of sentimental value for me, and I’m excited to see it contributing to my investment portfolio.

@James Clays - I echo other's sentiments here, but I would also add that once you have a good contact (plumbing, electrical, painting, etc..) make sure to always as them who else they know in the business.

Some call the stock market a representation of human sentiment in real time, and I imagine the real estate market is not too different.