This website (https://www.affordablehousing.com/housing-authority-mi/) allows you to compare the average price, condition, and size of homes available for Section 8 rentals.

Compare that to hard money at 10-12 and 3-4 points and you can see, this has been very cheap money to scale.

AI - Machine learning capabilities can help you calculate market rents, find comparable properties, and identify lucrative investment opportunities.

.$100k for a 2/2 is high for the City of Detroit, unless at least Class B.So, you should take time to understand the NEIGHBORHOODS in the City of Detroit.You might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider: https://www.biggerpockets.com/member-blogs/3094/99854-deep-dive-into-metro-detroit-cities-ecorseContact us with any other questions:)

Half of sponsors are now getting crushed when the going is getting tough, and those previous track records don't really mean much, compared to the things I list above.  

Compare those owners with younger owners who have higher incomes and more desire to build large reserves for the future with the older folks who won't see the future and you can see the problem.

Along with the price increase, do a market survey where you find comparable homes (on rentler for example) and see what their rents are.

You can win most tax appeals when your taxes are just out of whack for comparable properties so if you can find examples of similar properties with lower taxes, that is the only way you will win.

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

Compared to a mortgage broker that adds on so many fees for the same loan.