Hey everyone, I’m trying to decide between purchasing a single-family home or a multi-family property for my first real estate investment in Detroit, and I’d love to get some advice. 

Purchase price: $220,000 Cash invested: $45,000 This is a 2 bedroom, 2.5 bathroom rental that I purchased.

Who owns the solar panels and what's my liability if I continue with the purchase?

Other insights to be gleaned from the stats: Cash purchases dominate more than ever, representing over 62% of purchases.

If the community is well-managed and there’s good rental demand, a condo could be a solid choice.

Financing depends on your scenario and what type of property you're purchasing.

@Roberta Allen - i purchased with the upgrades.

Small investor, looking to purchase one to two single family homes per year over the next 7-10 years? 

Hi @Stefano Vrolijk, my team and I help foreign citizens purchase investment properties all the time.

Typically starting with a smaller rehab budget of $50K or less (maybe a max of $75K) and avoiding a 1 to 1(or higher) ratio of purchase to rehab costs is recommend when you are first starting out.