Now that you have those numbers, you will take the total value of the homes, subtract the assessed land value (land doesn't depreciate), then subtract the applicable extra depreciation that we calculated above.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

While you are at it, put the next person on MTM to create some equity in the contract when you have problem in the future.

I can't even look at the Facebook group because it is the forums x 10.

From there you can start to identify what you are looking for.Where do you land on the follow spectrums:Cash flow and AppreciationLong term or Short term needs (waiting for growth vs get out of my W2 now)Long term rentals, Mid term rentals, Short term rentalsBuying close to home or coast to coastSelf manage or hire a PMIf you can narrow in on those, you essentially have your buy box. 

Many investors/Contractors like yourself gain a ton from other members here.

I’d appreciate any guidance or tips to get started on the right path.

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Will keep everyone updated - I may be looking for a new insurance broker, if anyone has any recommendations or referrals please let me know.

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