They'll be able to list it at a competitive market rent value and will likely have possible tenants in mind.

Keep in mind that your competition is also scared of rates and staying out of the market.

I’m here to network with like-minded individuals, share experiences, and grow my knowledge in real estate investing.

Would you mind chatting a bit more with me?

As all of you can imagine, the questions that are running through my mind are never ending. 

It boggles the mind that anyone is still believing their nonsense. 

LOC's can have negative effects on your future purchasing power if not set up correctly and keeping in mind you can "never" use an LOC as a reserve or asset.It will always be a debt burden and can over inflate your back end debt ratios depending on the W2 income and your liabilities.

Most other costs are relatively standard I believe.  11) buy at market rates - dont splurge in a market because numbers look good - we are more than likely going to see balking in prices - if not a little recession in the next few years - would suck to own something you couldnt sell becuase you bought the most expensive property at the top - goes back to being mindful of your market.  

I am in SoCal and Detroit has been in my mind but have zero knowledge about the market.

No matter where you choose to invest, please keep in mind the following (copy & paste):--------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?