@Saul Clavijo make sure you understand you will be getting into Class C properties at those numbers.Food for though below, DM us to chat more about Detroit:--------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Water - landlord plays in JC heights typically.

It's one thing to say that "a typical tenant would likely stay for X years" and another to say that "on average, across our properties and thousands of leases, we see that tenants stay X years" -- the first one is a bit of an assumption and the second one is a stated fact. 

Everyone else is typically just happy to have something there for them.I'm sure others have differing opinions but this has worked great for me.

. $300k loan needs to show $15k liquid assets, and draws typically require you to pay contractors and obtain a lien release before you can be reimbursed for the money you paid contractor.While I know there are a lot of people who use low money down loans to get started, it is risky.  

For ID verification, I typically rely on Airbnb’s built-in process, as it’s seamless and keeps everything within their platform.

You typically get the monthly payments but also backed by portfolio and not one note.

Typically lenders divide up credit scores in multiple buckets with 780+ getting the best rate for some lenders while others it's 720, 740 or 760 gets the best rate pricing.

Long term rentals typically require much less work than a fix and flip.

The average company only survives for ten years, while even large companies typically last just 18 years.