Surround yourself with knowledgeable professionals who can support your real estate endeavors.

The city’s diverse workforce, combined with new developments and infrastructure projects, ensures that there is a consistent pool of renters, which can result in reliable cash flow for property owners.Finally, the Detroit real estate market is supported by numerous incentives for investors.

Again, if your $250k is true, and includes all the electrical upgrades, new plumbing runs, potentially new foundation pour (since I assume the existing garage slab is not capable of supporting a new two story house), I am guessing since I don't know the market, but assume you will have a lot of equity by completing the project.

I also purchased the "training/coaching" and received very little support and what I did receive was not very valuable.

I take a picture of their driver's license.I ask for phone numbers that accept texts and any alternate land or business phone numbers.I ask for the names and birth dates of anyone under 18, and ask if there are any service / emotional support animals, together with their names and breeds.I also ask for personal references, previous landlord contact info (and length of time there), employer contact info (and how long there, together with earnings), as well as the name and contact information for their manager / boss.

This knowledge is crucial when planning co-living projects.Engage with Local Authorities: Work with city planners and zoning boards to advocate for more inclusive definitions that accommodate co-living arrangements.Monitor Legal Developments: Keep an eye on legal scholarship and policy discussions that may influence zoning reforms favorable to co-living.By staying informed and proactive, real estate investors can navigate the complexities of zoning laws and contribute to the evolution of housing policies that support diverse living arrangements.For a deeper dive into these discussions, you can read the full articles here:Bloomberg: Why Are Zoning Laws Defining What Constitutes a Family?

I could be wrong, but I don't think the economy supports those numbers.

Write it up to an education, spend some time sharpening your support team (particularly in the trades) and start thinking about how you can do it again!

Your new ARV(after repair value) should be supported by an adequate amount of comparable sales in the area(duplex's).

I find it very supportive and obviously there is set up with every listing site.