All complimented with Amazon fulfillment centers, google, and more tech manufacturing jobs.The bad reputation of “Detroit” comes from OOS investors wanting sub $40,000, D class properties in poor condition, because they pencil out to 2-3% deals on paper.

Because significantly less than 100% of your investment actually goes into purchasing or improving the property, and the property is purchased at retail value (or worse), your returns will badly lag any benchmark of direct property investment.  2.

Readers are advised to seek professional advice.Thank you Sean, sorry I've bad at explaining the general use case I'm interested in.

You can do crazy stuff with trusts but hey are really bad at protecting assets. 

I have personally sold many properties where sellers needed to off-load a bad deal after buying unrepresented from a turnkey company.

If calling a plumber to fix a real leak is going to kill your reserves, this is a bad deal on a property and bad cash flow.The first thing to learn as a landlord is that everything is your responsibility to cure.

One more reason why long-distance management is a bad idea.

You will get a bad reputation because they already have lawsuits.Hey Katherine, have had amazing experience with them, just finished my second padsplit and it’s really nice!

note none of my local STRs have this good a revenue ratio; if they did I would have good cash flow on them which my cash flow on the STRs the last few years has been modest.I am still shocked my underwriting shows the COC to be this bad, but I have decent confidence in the underwriting.  

I can give you a crash course on the good, the bad and the ugly of Binghamton.Binghamton is something of a unicorn market at the moment; it's a rust belt city with a history of low incomes and low property values.