. ($300k has to be earned to net $250k.) so you’re looking 5 years of zero vacancy and zero capex to break even.

38116 and 38118 are the areas Im referring to and I have a Podcast where I break down the stats and all details of those areas.

@Adedayo Adetunji people that break into a property & occupy it are called "squatters".On September 24, 2014, three new Michigan Statutes went into effect to make squatting a crime and give landlords more options to remove them (see Michigan HB 5069/PA223, HB 5070/PA224, HB 5071/PA225).

But the competition is high so cash flow or even break even can be an unphill battle unless you're willing to put money into the property.

Ground breaking this quarter.

There is a lot of new things about to break ground.

The city wants to have "Neighborhood Anchors Points" consisting of Mixed-Use and Retail/commercialVisual of all land bank properties The area I will focus in.A break down of cost to purchase all Land Bank properties on each street. 

🔒Let's break this down:Under IRC §469, rental real estate activities are considered "passive" by default.

Would love cash flow, of course, but if I could at least break even on a highly appreciating property, I'd be happy with that. 

Here, we’ll break down what mortgage recasting is, how it works, and who can benefit from it.What Is Mortgage Recasting?