@Saul Clavijo make sure you understand you will be getting into Class C properties at those numbers.Food for though below, DM us to chat more about Detroit:--------------------------------------------------------------------------------------------------------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?

Financially renting is smart right now but if you want to buy do it. 

Applicants have a prior eviction years due to unfortunate circumstance but good household income and noted they are in a better place financially.

The buyer would need to show solid financials also of course (good credit, experience operating rentals, proof of funds for down payment and adequate reserves to cover any unexpected cap ex).

From a lender's perspective, separating personal and business credit is critical for scaling operations while mitigating personal financial risks.

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Having a clear financial strategy laid out helps, especially as you plan to transition full-time into entrepreneurship.

If house hacking new jersey is a possibility for you I will let you know in most cases it will be financially more beneficially than just about any out of state option.  

If you come across a property with tenants in-place, you might ask for a financial report if available.