On top of that, the rent-to-price ratios in Detroit often outperform other markets, which can mean solid cash flow alongside appreciation potential as the city continues to grow.The key with Detroit is understanding the nuances of the market—it has a large footprint, and neighborhoods can vary drastically, even block by block.

I think my personal guideline will be 10 properties, or $2k in cash flow a month.

Purchase price: $135,000 Cash invested: $40,000 Sale price: $225,000 COMPLETELY UPDATED Colonial Home for Sale in Ontario Minutes from the Lake & Village!

That's about it as far as support.

Cash buyers normally relieve you of headaches and distress, vs maximizing your profits.  

Understanding cash flow and loan terms will help you manage payments.

.), and continue to educate myself on NOI, Cap rate, cash-on -cash return etc.BP community, I am open-minded, willing to take initiative, always willing to be taught something new, but also ready to share any experience or knowledge I have that can help someone else. 

The last thing you want it to trigger income taxes from accidentally cashing out.  

I purchased this property for $55k all cash and putting in another $20K in renovations to get it ready to sell.

Plus, we're investing heavily in each property with the intention of doing a cash-out refi within two years of owning each one.