My experience has been overwhelmingly positive, but—like any market—it depends on your approach, risk tolerance, and the team you have in place.Detroit is unique.

Quote from @Chantel Holsather: I am always an advocate if you can fix up a property to make it more marketable, that is really the way to go.

At some point you buy and fix up real estate to eventually sell it and live the life you desire.One piece I would make sure to consider is the current condition and rents for the duplexes before you put them on the market.

I would never advise my customer to take a 5 YPPP considering we are have been moving into a downward trending rate market since 2024. 3 Year Prepay Max but if you plan on doing renovations or taking cash out on the ARV then a 1-2 YPPP would be Max.I would also advise buying the rate down before you decide to take a 5 YPPP using seller credit, equity or closing funds.

Also one is generally hyper local (at least for a one investor) and REITs are generally not.  

It’s crucial to have local market knowledge or work with someone who does.

6) Finding a lease that complies with all federal, state and local requirements7) Figuring out how to accept rental payments - most Class A tenants won't want to mail you a check.

I'm also from Brazil and I'm local to Stamford.

Yes, I am aware that the current rate is way under market.

@Gil CanfuWith a $300k price range, you're definitely in a good position to find some solid investment opportunities in the North Texas market.