This initial conversation before the owner has a property can be very educational especially if the owner is out of state or has never been to our city.

Then these are applied to all properties in that area of the city.

@Mattin Hosh first, most cities in Metro Detroit have some type of rental property inspection every 2-3 years.It's not really a big deal 99% of the time - especially for owners who are NOT slumlords:)Also, a quick Google search will show that several states/cities are passing/considering similar legislation.One of the biggest mistakes we see newer investors making is NOT properly understanding Neighborhood/Property/Tenant Classes and naively assuming that any rental they buy will deliver Class A results.Read our copy & paste thoughts below and DM us if you'd like to dicuss more about the Detroit market:)-------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Local Investment StrategiesHouse Hacking: Given the affordable entry prices, Albuquerque can be a great place to start house hacking, especially near the university areas.BRRRR: For those familiar with the Buy, Rehab, Rent, Refinance, Repeat method, there are opportunities in Albuquerque to purchase under-valued properties, especially in areas undergoing gentrification.Airbnb/Short Term Rentals: As previously mentioned, the city's rich cultural appeal can make certain properties lucrative for short-term rentals.

I'm seeing lots of my clients have success currently with auctions in Cecil County and Baltimore City. 

After all expenses paid the profits are closer to $2k at $8k/month revenue. 5+ bedroom homes in mid-sized cities is my strategy. 

I am from California, but lived in Peachtree City, Georgia last year (renting), and currently live in Germany as an Au Pair.

Isn't it great for the city coffers if they have a few more investment properties? 

Most duplex properties are not in HOAs and usually in a renters street; lawns don't necessarily look great.  

It’s my favorite city in Florida!