County has assessed for 200k but would be worth more due to the area they are building homes left and right on that road and they are selling 300k+ and up.

We've been continuously improving it, but it has been working exceptionally well for us since we hired a developer for the complete build-out a year ago.

Are you saying that because of this unit, the building might not be able to be refinanced?

Let's connect.This is a new one so still building, but I've had meetups and they are really good to learn and network.

.- PM is contractually obligated to perform annual maintenance/inspection to keep property in top shape. - PM provides a cash based accounting report every month, for every unit under management, that clearly labels all rent, all expenses, including management fees, and the net directly ties to the amount of money deposited into my bank account.- PM is a licensed handyman, or has them on staff, and takes care of most unit turn work at a reasonable rate. - PM has no breakup/termination fee- PM does not take project management fees, except on large or complicated CapEx projects exceeding $5,000. 

-Build a strong network in Detroit of real humans over a period of months, buy a better deal, hold it for 10+ years, weather early storms:  better chance for success.Even on that latter deal though, are you going to cash flow in month 1 or year 1 or even year 5? 

It’s inspiring that you’re both already running your own businesses—it sounds like you have a great foundation to build on!

Buy a lot and build a house for sale in 2026.

Building located in neighborhood I had been interested in from the beginning of investing career.

What a great start to building wealth!