I focus solely on Detroit proper because, in my experience, the rent-to-price ratios, opportunities for value-add projects, and overall market potential are much stronger there.That said, Detroit is a nuanced market.

The calculation uses the following formula: Total Rent Potential x 75% ≥ PITI (plus HOA if any). 

I recently came across a property near the international airport that seems to have good cash flow potential.

The risk and effort is too great.  

Throughout my career as a real estate investor and CEO, I have learned valuable lessons on maximizing the potential of each unit in a property.

How would you manage risk? 

House hacking is a fantastic way to start building wealth while minimizing risk.

We’ve started talking about the potential for collaboration, particularly to reduce construction costs by building simultaneously.

Also in SATX, looking to buy first and potentially second property this year. 

And therein lies the risk of high-leverage.