Investment Info:Small multi-family (2-4 units) buy & hold investment in Clinton.

I've been doing that strategy in Ohio to scale, but you need to live in one of the units. 

It is somewhat complex to try to explain on a forum, but at a high level, you (aka GP) and your family member (aka LP) would agree on how much the 2 of you would put in for the amount of equity needed (usually expressed as a %).

It’s still flying under the radar for a lot of investors, but the fundamentals are strong.Detroit offers:•Affordable Multifamily Options – You can still pick up 2-4 unit properties at prices well below most major markets, often with strong rent-to-price ratios.

Multi family can range from about $60k-$125k/unit.

My name is Omar Santander a new investor that is interested in residential units (single-family and multifamily, with a particular emphasis on multiunit), house hacking, long-distance investing, BRRRR and mid/long-term rentals.

I've invested in both multi-unit properties (2-4 units), and multi-family properties (5+ units).

(It was Hollywood and everybody has dogs)2) Somebody tried selling the appliances that came with the unit which included the fridge, dishwasher, stove & microwave.3) We were recently affected by the fires and had to evacuate, some tenants refused to evacuate even after police forced them to because they were "tougher than the fire".Have you heard of those horror stories about tenants completely trashing apartments and feces all over the apartment?

Ask how many units they manage and how much experience they have.

Personally I was not stoked on the engagement fee and on that particular project, the listing agent (who promised to notify us if anyone else was kicking the tires on the lots) sold one of them and the project didn't make sense at the new number or units.