The biggest point is how much more the lots sell for.Never having dealt with HOAs, I am neutral on the subject.

His negative reaction and aversion to wanting a neutral third party to play referee was a tip off to me to do more research and after paying $25USD for an online background check on the seller I discovered he had multiple judgements against him for business fraud even though the title to the property was clear.My personal lessons from my scammer were1.

I'm overall neutral on the program and never intentionally go after JUST section 8 tenants.Anyway, there's a ton to unpack here about S8 and Detroit in general.Happy to share some resources if you'd like.

However if this is an appreciating market, although your monthly cash flow might be neutral or negative, you may over time actually have what we consider phantom cash flow, which is gained through appreciation and tax benefits. in most cases, if you need true “cash flow” use the simple one percent rule.

Hey Tyler, speaking as someone who invests heavily in Detroit and helps others do the same... it is far from saturated.The sentiment around Detroit has finally moved from grossly negative to neutral.

Here's the summary of opinions: Against: 7 For: 4 Neutral/Alternative: 5My New Plan:Instead of cashing out my IRA/401(k), I'm considering borrowing from my 401(k).

Do your homework thoroughly, but don't get stuck in neutral.  

Keep the color scheme neutral, like soft grays or whites, and add color with accessories.

I agree lighter and neutrals are best.

If you spend $680k + $70k = $750k, you likely need rent of about $7500/month to be cash neutral.