Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

If my target would be low income residents, are there any grants, tax credits, or funds available to help me with the conversion? 

So, say, properties in your target area are selling for about $100/sq.ft.

That's why I would target them a week before foreclosure sale and put all effort on homes that were all but certain to go off the hammer. 

For rentals, focus on cash flow and metrics like cap rate (target 8%-10%) or cash-on-cash return.

It really depends on your goals, budget, target areas, etc though. 

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

I'd suggest raising your price target a bit.

It’s a longer-term game, though, with higher upfront costs.I’d say spend some time researching your target area and connecting with local investors or meetups—they’re goldmines for market insights and networking.

How many units/properties are you targeting?