Great move Andy! 

I would say it could be done, just need to have the following:#1 - Have great overall knowledge of that market, and better than agents.#2 - Learn how to run comps so you know the value of the property better than anyone. #3 - Have finances in order (i.e) is this going to be bought through conventional, cash, HML, etc.

The forums on here are such a great way to get great free knowledge.

This could be a great opportunity but I'm not so eager that I would do it if the numbers don't make sense.

Any advice, guidance is greatly appreciated!

Would love to connect and hear more about your journey and future goals—always great chatting with like-minded investors!

I live in California (Central Coast) and have built a 12-door portfolio in Detroit, which has been a great market for both cash flow and long-term potential.Detroit still offers properties well below the $150k mark, with strong rent-to-price ratios and a market that’s seeing growth in key areas.

Our team buys the properties and converts them and manages them so it has been a great learning experience seeing all three phases from taking down a project, renovating the building then managing the lease up.

But the location is great, and the layout could work for a flip or a rental with multiple units.Would you take this on, or does it seem like more hassle than it’s worth?

I don't know your strategy if you want to hold rentals or flip/ make cash but you can do either. we have seen an incredible demand for new construction multifamily, people willing to write offers before properties are even built but we don't accept them. mostly on the multifamily end because we have a great city and all the inventory for apartments is 50-100 years old.