This gives you a foundation for making a fair offer.Secure Financing: Be prepared to show you’re a serious buyer with funding lined up, whether through cash, traditional financing, or a creative option like seller financing.Have a Strategy for Repairs or Development: If the property is distressed, outline how you’ll handle improvements to bring it back to productive use.

That said, Detroit is very much a block-by-block market, so understanding the dynamics of specific areas is critical.For professional investors (and even newer ones), Detroit’s future is bright if you approach it with the right strategy, solid due diligence, and an understanding of the challenges.

Maximizing cashflow becomes a strategy choice that accounts for your market and tenants.

I also work with a team that helps cash buyers execute the BRRRR strategy or build rental portfolios, making it as seamless as possible for out-of-state investors.Best of luck, and let me know if you have any specific questions!

What’s your exit strategy if the partnership doesn’t perform as expected?

While your condo snowball strategy builds equity, modest cash flow and HOA fees may limit returns.

They take good care of the properties, but there's not enough attention given to pricing strategy and they spend money like nobody's business (not a problem when they were spending their own money on the master lease model, but a BIG problem when they were suddenly spending OUR money as the PM).

But I would say to be open to having more than one partner in the deal and to outline an exit strategy so they know how long the money would be tied up for.Good luck to you.

The seller would use this strategy when they don't have a lot of equity in the house.

If your properties are generating solid cash flow or have appreciated significantly, you might be following a “smart leverage” strategy, à la Grant Cardone.