If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

I also have two smaller ones (both 2 bed, 1500 sq ft) that I'm building to hold as well.

Note that a few months after that date rates started to rise and quickly got to over double what I got on these purchases which would significantly increase the P&i.  

Purchase price: $72,000 Cash invested: $95,000 Sale price: $140,000 househack double What made you interested in investing in this type of deal?

Don't just be enamored by double digit returns and definitely don't feel rushed into investing in any funds. 

Double check to see if that works.

It would be the same if the tenant goes on vacation and brings bed bugs home with them. 

I only have one deal under my belt so far which was a double-wide house flip.

You can gear up real estate portfolio to earn about $325k/yr or more earning double digit returns.

The original quoted rent they were saying they would get was $1575 per side(It's 3 bed 2 bath 1500sq ft).