Decide on what you are trying to achieve and then determine if holding the house makes sense. 

I'd rather have investors be prepared for the worse case (long hold period), just in case we have to hold for that long to achieve returns. 

Challenges for investors in AstoriaAs seen in the analysis/spreadsheet, achieving positive cash flow on a duplex will take at least 4 years.

That right there will set someone apart in the Detroit market, sadly.I can't speak to his PM business from a firsthand perspective as I've never had him manage any of my properties (I still self-manage). 

Looking forward to collaborating and achieving success together in this dynamic field!

My first flip was a success, achieving a 14.5% return on invested capital.

- @Max Ferguson Definitely eager to start with something relatively simple to get some skin in the game and learn firsthand.

Huge difference paying for furniture in cash $30-50k up front vs financing it over 30 yearsMy cash on cash ROI goals require me to outlay as little up front cash as possible and buying furnished homes facilitates achieving that high ROI

However, the scenario you described could be achieved with most of the local HMLs here; I don't think you needed to pay 16% for that.

I'm seeking advice on how to achieve this goal and would appreciate any guidance on strategies I can implement to make this happen.Thank you in advance for your insights!