Ironically, these are often the best opportunities to build equity and find great deals.

It’s been incredibly rewarding not only to save my grandfather’s legacy but also to build equity and increase cash flow.

- The inspectors aren't stupid and will see that everything is brand new and then research for permits.Also can't think how you can make this profitable.

If it is a class C office building with 10% occupancy that is very different than a Class A MF which is still very different than a debt fund with zero leverage.As mentioned risk and return go together  - greater risk should have greater upside

I pay for internet for the whole building but I'll split the charge between units and charge each tenant double my cost. 

They’re ideal for those building portfolios, as they don’t require extensive personal financial documentation.A key tip is to ensure the property’s cash flow comfortably exceeds the lender’s DSCR requirement (typically 1.25x or higher).

-Build a strong network in Detroit of real humans over a period of months, buy a better deal, hold it for 10+ years, weather early storms:  better chance for success.Even on that latter deal though, are you going to cash flow in month 1 or year 1 or even year 5? 

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

What a great start to building wealth!

However, they didn't insulate that building well so in winter residents consistently get heating bills over $200/mo.