Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

I made the mistake twice of not doing this and ended up in court both times.

Detroit in particular has been a haven for out of state money and there is a sub culture that has developed of "contractors" advertising to provide this type of service while at best underperforming and at worst completely stealing from you. 

By staying open-minded and willing to learn, investors can avoid costly mistakes and build a solid foundation for their future.In real estate, emotions can cloud judgment, leading to impulsive decisions.

It’s one of the mistakes many investors make by not titling their real estate correctly from the start.

We have it under contract $30-50/SF under recent single family comps, so worst case we convert it back at exit and still cash flow in the meantime as a rental.

@Joseph Beilke no offense, but typical newbie mindset mistake!

After he was done I received an email from OneRent (Marjorie) saying she made a little mistake.

My worst appreciating property has apprecated $2700/month.

It’s wise to run different stress tests on your budget to see how it handles fluctuating interest rates, higher costs, potentially lower market valuations, or worst-case-scenario acts of God.b.