SFD vs condo vs 2-4 unit, hold vs flip, turnkey vs rehab, passive vs active...it really comes down to each individual property/opportunity, what your goals with the property are, and if the numbers make sense or not.Best of luck!

If you're looking to stay in the area and want to build equity creatively, I'd recommend looking for a live-in flip with an ADU.

I think that is a great strategy if you are using the money for short term projects like a flip or a BRRRR.

What type of insurance do you use for a flip?

I'll admit I do build in a lot of cushion (something I learned from my first flip deal) so I account for every possible expense.

Ugh, Madhuri, as someone who is heavily invested in Detroit and helps a LOT of out-of-state investors get started there, this makes me sick.I talk to about a dozen folks per week looking to invest in Detroit and I've heard my fair share of Flip Systems folks.

But since it is a flip or a rental, it probably would not be worth getting it professionally done like that.

Let's flip this to a more positive note; What are the hallmarks of a GOOD GP/Syndicator?

The strategies I’m currently focused on are wholesaling, flipping and rentals.

Investment Info:

Single-family residence wholesale investment.

Purchase price: $175,000

Sale price: $205,000

Purchased this cash. After reviewing the cost to rehab and the area of town, I decided to ...