We've seen lots of investors achieve FIRE in Metro Detroit, hence the name ;)Purchase: $80k-$130kRent: $1200-$1500ROI: 10-14%Cash flow: $250-$350/doorAppreciation: Double digit (for past 10 years, will gladly send data)Location: C+, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, mortgage, Amazon fulfillment, and more jobs.The bad reputation comes from OOS investors wanting $20k D market properties.

I'm currently a full-time management consultant working in the healthcare arena.I recently decided to settle down both relationship wise and with buying a home.  

Health Care IS NOT A RIGHT!

Interest rates up, housing starts down, inventory holds or decreases.Then apply local demographics, industry, retail, transportation avenues, educational institutions, hospitals/health care, quality of life assessments and recreation.

I just searched Zillow and found 2 duplexes in Ann Arbor for $385k and $490k.  

I'm a traveling healthcare provider in the area and I am paying $1400 a month for short term housing and I have zero of those things mentioned.

He also has a home health care agency that he runs out of this building and the business has generated a million dollars last year.

There is a significant amount of Healthcare, Insurance(Erie Insurance) and Manufacturing(Locomotive production at WABTEC).  

I use the terms - "corporate furnished rentals", "short-term rentals", and talk about my target clients- Business travelers, traveling nurses, traveling healthcare workers.#6 Knowledge - Know why STR is better for the landlord than traditional rentals.

If you haven't had experience in running a healthcare business, there will be a very steep learning curve to get to the point where you can comfortably navigate the never ending changes and roadblocks with each form of payment.