.- Large Tenant Pool: Housing programs often have waiting lists, so demand is high.

The City of Detroit is block-by-block in many Class B & C areas.In our opinion, zip codes cover too large an area.We use Detroit Neighborhoods, which are much smaller than zip codes.

Call your city and see if that's large enough, I think you need more like 10-12 ft width and 15 - 20 ft length.

However it is largely based off of relationships and working history.

Adding a couple of clean outs on new pipe should be no big deal. 

@Michael LynchI don't know of any 'large' bank that would accept a 3rd position. 

Have 3 loans to refinance in the next few years and DSCR's are added to the option list.

Post it on fb marketplace and boost the ad and I am sure you will get a million messages but don't make your ad sound like a motivated seller.

For example, if the property you are buying is a development property, like a small house with a large lot in a developing area, then a small negative cash flow could be okay if you can carry it.

It wasn’t how I wanted to kick things off, but I worked with a contractor to get the bathroom fixed and functional.Once that was behind me, I focused on improving the building and maximizing income:I installed a shared washer and dryer for the tenants, a major upgrade that added convenience and increased the property’s value.I rented out the two garage parking spaces, bringing in consistent revenue.I also raised rents for the second- and third-floor tenants I inherited to be just below market-rate.