Modesto, Turlock, Lodi - the inventory is so tight that people don't realize how much they will appreciate in the next 5 years. 

As someone else, had mentioned, the numbers on this are very tight. 

The 1% rule may work with houses in the "C" area give or take in "A" areas that rule has not worked for me .Agree Andrew I don't like the how tight the numbers are  when getting a loan .The other rentals I bought in "A" area I paid cash for worked out well passive income at it's best .

Lending standards are tight across all lender types, and regional banks are scaling back their pace of originations.

Not to be left behind, institutional and public REIT investors persist in their pace of acquisitions, homing in on first-class developments and prime locations.Yields on stabilized industrial investments continue to price in a tight range over treasuries, which began falling in the fourth quarter due to slowing economic growth and the market's expectations of rate cuts beginning in the first half of 2024.Properties offering in-place rents substantially below market can still see cap rates in the upper 4% range, but a growing portion now trades in the low 5% spectrum.

Take a look at BP's recommended "Hard Money Lenders" here.Many HMLs are tight on the Detroit market.

The final inspection must be done within 72 hours, but it usually coincides with the safety inspection and is complete within 24 hours.Cleaning and repairs are submitted within 24 hours of the inspection with a deadline of seven days.

This will be my first deal so capital will be tight I'm assuming. 

If it's a really tight rental market, these tenants may be willing to pay more in rent and you can defer when you need to do the updates.Happy to look at some numbers with you if helpful, just let me know.

I'll take someone on a tight budget who is "a Lannister" any day of the week.