I know you mentioned other units are listed comparably but asking price is not the same as rented price.

You can find comparable sales in 2017 and use that dollar/acre figure to arrive at the fair market value then. 

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

The key is to compare each scenario side by side.

The rent-to-price ratios in many neighborhoods are strong, and the city’s population is finally growing again after decades of decline.One thing that stands out to me is Detroit’s median home price—around $95k—which is far below comparable cities of its size in terms of population.

There aren't too many other cabins like it in the area on Airbnb to compare it to.

Firstly, it often generates higher rental income compared to long-term leases, particularly in desirable locations or during peak seasons.

- You or the PMC can get 3 bids, but who is going to know how to accurately compare them and understand if something is missing - that will require more work+charges once the project has started (a standard tactic by many contractors!)?

The population is officially growing again, and there’s been a lot of investment in infrastructure and development in recent years, which makes it unique compared to some other Midwest markets.One thing to keep in mind, though, is that Detroit is very much a block-by-block city.

I really like LLCs compared to corporations because of the free stepped up basis for passing property to my children.