Investors here often find properties at lower entry prices than in other markets, with a good balance of appreciation and stable tenant demand.

Total Active Listings: 2,349 (up 17% over last year)Total Pending Listings in the Last 7 Days: 248 (1% down from last year)Total Sold Listings in the Last 7 Days: 139 (1% down from last year)Average Days on Market: 40 (vs 36 last year)Average Sales Price: $359,167 (vs $335,323 last year)Number of Price Reductions in the Last 7 Days: 688 (vs 606 last year)Sales to List Price Ratio: 97.6 (vs 98.83 last year)Number of Expired Listings in the Last 7 Days: 152 (exactly the same as this time last year)Number of Agents: 8,518 (150 less than last year)Interest Rates: About 7% (vs 7.875% this time last year)Key takeaways: We're seeing more active listings and price reductions but less pending sales, resulting in a shift from a seller's market to a balanced market.

On balance, I have found that appraisals I've had done tend to undervalue on purchases and come in right or overvalue on refi's.

This means there are no checks and balances to ensure all your transactions are entered correctly.

It's absolutely worth taking a deeper dive.I've been investing in Detroit proper since 2019 and have 12-doors there.

It sounds like you've got a great balance going.Feel free to dive into the forums, ask questions, and share your experiences.

Hello, Steve Schmidt, selling a partial note can be a great way to generate some immediate cash flow while retaining ownership of the remaining note balance.

Your initial post was unclear whether the water bill was $2k/month or if the balance was $2k because they weren't paying you for it.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Here's shot, but I can't vouch for the color balance.