Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

They both own thier own management companies as well, so they understand the needs for investors when it comes to insurance.Best,Brad 

(We are working on a generalized survey to collect info on our buyers/potential buyers so we can make sure we understand who our customers are while trying to dial in their preferences and patterns.)You are doing great things. 

Rehab costs and ARV (After Repair Value) are key parts of evaluating deals, so it’s great that you’re diving into these concepts early.For rehab costs, creating a rough estimate starts with understanding the scope of work and local pricing for materials and labor. 

The more you understand the local market, the more value you can bring to a mentor.Stay persistent and consistent.

That said, Detroit is very much a block-by-block market, so understanding the dynamics of specific areas is critical.For professional investors (and even newer ones), Detroit’s future is bright if you approach it with the right strategy, solid due diligence, and an understanding of the challenges.

The only way for you to understand the situation and evaluate your options is to ask a lot of questions.  

I would love to chat with someone who is a mortgage broker to understand your day to day workflows a little better.

Aside from strategy you must understand how to underwrite a deal. 

I understand this is a snails pace, however I am still a W2 enployee so all this will be a 2nd job for me.