From that moment forward I did everything I could to scale up just a little bit on every project.Much like you I really enjoy improving neighborhoods and seeing the before and afters.

They aren't in a hurry and I've looked at similar units sold in this neighborhood and they're asking a very fair price.

Recently I came across the idea of pocket neighborhoods or developments with multiple separate units and saw some kit homes that would be cost effective to build for this.

@Bennie Smith we've got a map at our website that we spent quite a bit on, to help investors understand what Detroit Neighborhoods they may want to invest in.DM us to discuss more as Moderators may delete this thread if we cover too much here.

There are some fantastic cash-flowing properties in the area, especially in emerging neighborhoods.

Online search engines and an amazing real estate agent, who is still a good friend; she understood our needs and actively worked with us to find a family friendly neighborhood closer to work.

The issue is that the lender  is looking for comps for a duplex, where 2 units were packaged together and sold together, but no comps exist for that in this neighborhood since all townhomes are being built and sold individually. 

Not likely.Bottom LineTime in the Market Beats Timing the MarketIf you’re debating whether to buy now or wait, remember this: real estate rewards those who get in the market, not those who try to time it perfectly.Yes, today’s housing market has its challenges, but there are ways to make it work —exploring different neighborhoods, considering smaller condos or townhomes, asking your lender about alternative financing, or tapping into down payment assistance programs.

We will be getting it hopefully getting it for a steal (around 950,000 ) in class A neighborhood but its worth around 1.2 million.It needs extensive work before I consider it livable.This is my first time buying a property and need some advise.This property has potential to be valued at 1.4-1.6 mil after remodeling and even more as there is potential to add 2 ADUs to the back.We estimated around 175,000 of work needs to be done ( full remodel kitchen and guest bathroom) new floors, windows, repiping and rewiring etc. 

When we bought it, we made sure there were no leasing restrictions in the HOA rules.Now, we’re are notified that the neighborhood is pushing for new leasing restrictions, and it’s not just about Airbnb—it seems like they’re trying to limit long-term rentals as well.