It sounds like you are not working with a realtor that knows the in's and out's of STR's in the area. 

Hi, pre foreclosure in all of its permutations, before the bank sends Notice of Default (NOD) or efter which is state even county dependant but often starts a 4 week clock till the trustee auction are the 2nd most difficult deal scenario and IMHO only experienced investors should bother, the 1st most difficult deal scenario are bidding at the court house steps on lord only knows what is being auctioned off sometimes even 2nd mortgages, you need to do so much home work to attempt to reduce your risk at the court house steps...Pre foreclosure no one talks about these issues, always about the nice sounding stuff like "motivated seller" get a good deal etc etc both are usually not the case.- 95% of folks in pre or post NOD want to stay in their house, keep their house inspite of them 100% will loose the house at the auction. 

Looking for peoples opinions if the quoted costs are fair to take off the security deposit.TYIA  The charges don't sound bad at all.

This sounds complex, and if the conclusion you're coming to is mortgage fraud, I would not recommend it. 

If I’m not mistaken you put around 50% down but I can connect you with a lender to get better info Hey Khalid - that sounds a bit higher than standard.

Sounds like an interesting Business model. 

Originally posted by @Mike Lambert:@Jon Latorre$100k+ sounds nice but it's not the same return whether the property costs $2 million or $5 million.My question was what is the typical rental yield range?

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Hey Camille,It’s great that you’re exploring multiple markets and thinking critically about population trends and affordability—it sounds like you’re off to a thoughtful start.Regarding Detroit, I’ve invested heavily there and have seen firsthand how much potential the market has.

The carpet remnants dampened the sound a lot.