Purchase price: $200,000 Cash invested: $15,000 Sale price: $260,000 Purchased a cosmetic flip, invested about 8k in repairs, and a couple thousand for using a HML, listed on market and received multiple offers all above asking price.

Also, Detroit is a great market, but one you really have to know intimately to succeed.

Also, a lot of the live investors in my market are just gatekeepers, too busy and competitive to really want to help me out.

We stayed in touch for about 10 years and then lost contact.in or about the early 2000s John got involved with one of those real estate guru marketing organizations out of Salt Lake City, and he became a mainstay of the late night informercial.  

David, happy to help with the Detroit market.

Find out what market value is and offer them that price.

The process of finding a tenant is identical to finding a traditional tenant: market, vet prospects and choose your tenant.

What’s a realistic IRR to expect on a long term rental in the current market?

Seems this is the case for many/most foreign markets. 

I was wondering if anyone have experience with the Rotonda market and if I'm doing anything wrong.