You can also look into building a rental portfolio which is a little less hands off compared to flipping.

If your rent ends up being comparable to your current mortgage, it might not give you the cash flow flexibility you’re hoping for.

What is the interest rate on borrowing compared to the rate you are earning, then take into consideration the tax consequences. 

They said this is an older home, and has had some minor renovations but it probably would need some form of work if comparing it to the fully reno homes in that area.

It’s growing fast, has good schools, and offers affordable homes compared to Houston.

Emphasize that your offer is competitive and you’re ready to move now, or set a reasonable deadline for the offer to ensure the seller knows you’re serious.Use Comparables StrategicallyHave data on hand to support your position.

Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

How do I compare that to a comp that has 1840 SF on the main floor and 460 SF of finished basement space (and 1200 SF of unfinished space)?

Are there any specific areas that are reasonably priced compared to the cities? 

The population is officially growing again, and there’s been a lot of investment in infrastructure and development in recent years, which makes it unique compared to some other Midwest markets.One thing to keep in mind, though, is that Detroit is very much a block-by-block city.