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.PM us if you’d like to discuss this logical approach in greater detail!

Obviously, rents are very cheap there, but it seems I can find MLS listings that match or come close to the 2% rule.

I’m continuing to put out plenty of offers on various properties and exploring different approaches to see what gains traction.For this one, I’m considering proposing a rent-to-own/deal finance contract with strict contingencies—something like requiring monthly photo proof of bank loan payment, with the understanding that failure to comply would result in a loss of equity of the seller.

As someone who has been around here for a long time, when someone says something good (or bad) in the forum, I first go to their profile to see what they are about.I can soft guarantee that you will get better results by doing this.

After the 2 hurricanes maybe only 25% were still on the beach, but the hurricanes were a pain and resulted in our insurance going up significantly. 

Doing so can maximize your chances of achieving consistent and profitable results.

As a result, you can take on greater leverage than a typical investor, without taking on more risk - to a certain point. 

We learned that SEO could be VERY profitable, but you probably aren’t going to get the results you want from a “generic” program, no matter how costly or cheap.  

Otherwise, it looks like you may have 1031'd into "bad investments" for the tax deferment but are now eating the cash flow as a result. 

This business is tough, it takes time compounding to really see results.