you need a a really strong property manager. 

The lower unit is a basement/guest suite.

A “syndication” is almost always a capital raise for the sale of a security/investment.  

I assume a higher upfront cost as far as land purchase and the actual build but you would have a brand new house, instant equity and hopefully maintenance free for quite a while.

Is there a reason why you are set on a traditional duplex? 

Are you moving into the second one or want to make it a rental property? 

There are Class A industrial projects underway and the development of a large retailer.

I have a tenant in New Hampshire that I am in the process of evicting.

Detroit can be a fantastic market with strong cash flow and good appreciation potential, but it’s definitely a unique place with its own quirks.Starting with cash is a smart move, especially in Detroit, where local knowledge and relationships can make a huge difference.

Within a year we had 3 or 4 originators, 2 or 3 processors, and a full-time admin assistant.