The units were in rough shape before we worked on them, but after the work was complete it turned into a good first investment.

Here are a few stats which should raise an eyebrow about Detroit $1 billion invested in more than 4,600 units of affordable housing over the past five years Job growth with more than 25,000 more Detroiters employed since 2014 A return to investment grade bond status for the first time since 2009Reductions in crime beating national trends, including the fewest homicides in 57 years Successfully hosting the largest ever NFL Draft at 775,000 people over three days In terms of starting out in Real Estate it also makes sense to invest in Detroit considering that the entry costs are low and if you plan to buy and hold, Section 8 makes for a great partner to insure steady rent payments.

Start with great theming, keeping in mind the current trends taking place at the parks.

Consider population trends, job growth, and economic stability in these areas.2.

It’s clear that the evolving market, especially post-GFC have shaped your perspective, and you’ve outlined some valuable points about the flexibility and challenges of private lending.The flexibility in ARV and LTV is such a huge advantage, especially for investors who might not have traditional financing options.

But I would also make sure that you get a sewer lateral scope done to ensure the cast iron piping is in good shape. 

Even when financial goals are met, the experience shapes how owners and tenants perceive the property.

Skipping Toy Shop SchoolTo open a shop, you need to learn the rules, take a class, pass a test, and even keep learning as new toy trends pop up.

I think investors see it the same way and invest that way too leading to bumps in prices if they start to see a trend.   

Actually, they’re in pretty good shape.