While cash flow may be harder to achieve here, these markets often shine in their ability to withstand market downturns and provide solid appreciation over time.The key in markets like this is understanding your goals.

Second, in terms of asset protection, LLCs are not invincible, but I think what many don’t understand is that they are not designed to completely shield your assets from liabilities, on the contrary they are designed to contain and isolate liabilities.

I would hesitate to say 1-2 years to rotate out but closer to 5 years, and ideally I'd try to get the downpayment higher to at least 10%.I understand your areas though-- they're expensive.

Property values have been appreciating rapidly in recent years, and the city’s population has started growing again—a trend we haven’t seen in decades.I’m also based in California and have been investing in Detroit for several years, so I understand the concerns of out-of-state investing.

I have managed STRs for 10 years in Los Angeles, so I understand the business and operations.

Understand entity structuring and what is best for you, especially if you are going to do flips.This post does not create a CPA-Client relationship.

No one understands (except the PM) why it cost $100 to send the maintenance guy to change $3 worth of batteries. 

I don’t think you understand how ranking system and first page works.

I believe that financing is a great way to put your cash to work for a nominal return if you understand the business.How did you find this deal and how did you negotiate it?

Also look at the rental laws in the areas you are considering, just so you understand what you are getting into and whether you are OK with them or not.