Most land bank properties, Detroit or Wayne County, are trainwrecks and cost more to rehab than they are worth - unless the market keeps improving.Be careful on the next one, but keep improving Detroit!

Since you know what you need to buy it at and an average rehab cost, I would say $50-70k for a cosmetic flip, set the ARV based on the sample you choose and doing comps and ask them if they would invest in a deal similar to this. 

It will only create unnecessary hassle and cost.

For those curious about the numbers:Purchase Price: $95,000Renovation Costs: ~$4,000ARV: ~$140,000Expected Rent: ~$1,500Thank you again for being an incredible resource.

Smart thermostats, in particular, can help you monitor energy use and lower costs between stays.I hope everyone’s experiences and perspectives help guide you as you start this journey!

Note that Sec8 comes with added costs & issues due to bureaucracy and state of the HUD departments in the area.

It costs $25. 9am to 11:30am.

Looking to construct a duplex at a reasonable cost but also quality for long term durability.Thank you!

Happy to help should you need any cost segregation advice.Cheers

In general higher cost neighborhoods are safer than lower cost neighborhoods.