I completely understand that concern and glad you both raised that point about a nursing home, however, I do have a big house and we have casually talked about moving her in with me when that time comes.

On top of that, the rent-to-price ratios in Detroit often outperform other markets, which can mean solid cash flow alongside appreciation potential as the city continues to grow.The key with Detroit is understanding the nuances of the market—it has a large footprint, and neighborhoods can vary drastically, even block by block.

MOST INVESTORS don't understand this and are fortunate to not get stuck in a position similar to the ones we faced.People don't seem to comprehend just how much "luck" has to do with success. 

The most successful real estate agents understand that prospecting and lead generation is the MOST IMPORTANT part of their business.

There are alot of risks using your heloc and you need to understand how you will make the monthly payments for the heloc AND how you plan to pay off the principle of the heloc.

There's just so much wiggle room doing this, especially since you're dealing with a family member who completely understands the finances of the park. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

Not siding with the contractor, but as an investor you will have to learn to understand costs better and when it doesn't seem possible for the contractor to complete the work at the stated quote its best to walk away.

I understand Vermont has slightly more stringent regulations to contend with but it would also be closer for us geographically and thus potentially easier to manage. 

If not, I completely understand.