This allows you to save TENS OR HUNDREDS OF THOUSANDS OF DOLLARS simply by adjusting the way you pay it.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Verifying last 2 years of rental history very important!

If you live there 2 years or more before selling you will be exempt from tax on the 1st $250k in profit which is a nice bonus. 

It's probably going to mean paying points at closing, a high rate, and a serious pre-payment penalty (like 5 years). 

@Drew Sygit is correct - AND Detroit has had VERY bad weather in Jan - worst then most years. 

However, the average lifespan of companies is 10 to 18 years, so every private-sector job your tenants have will eventually disappear.

But posting in the MLS gets you on Zillow, Realtor.com, etc. which arguably could be tens of thousands of eyeballs.

We genuinely value architecture, history, design and quality, even if that means minimizing profits.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.