This post reflects my personal experiences and opinions, so always do your own research before making any final decisions.

Focus on market research by exploring neighborhood rent trends and property values while considering your financing strategy (house hacking, BRRRR, or buy and hold).

Through our network and market research, we identified this off-market opportunity.

I'm totally fine using resources like books, online research, and AI, but I was looking for real-life, experienced individuals who could shed some real light.

Of course, do your due diligence, listen to podcasts, read, research, etc.

However, after years of jumping into things without looking, I've learned to slow down, research and ask questions first. 

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Another lesson is to research companies online and in forums like this before you do business with them and if you decide to do business with someone, dip your toe in the water slowly and continue to research the company after you start working with them, because things can change quickly.I have some questions:1. 

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

That said, I’d suggest adding Detroit to your research.