They simply did not know any better when it came to neighborhoods and how certain segments of our society lives and who pays rent on time every time  and who never pays on time everytime.

The office market is definitely crashing - mostly in urban cores.

As long as you focus on maintaining the property and keeping rents fair, there will always be tenants looking for affordability, especially in urban areas.Financing Options: When it comes to getting capital, there are several avenues you could explore, such as local banks, international lenders, or even partnerships with other investors who share your vision.

I'm particularly passionate about [multifamily homes]Outside of real estate, I enjoy [Family, helping others, dieting, gym, just all around being a productive member on society and my community ].Excited to learn and connect with you all!

Are buyers looking for more urban spaces, or is suburban living still on the rise?

Travis, When i lived in the area, the urban blight in areas south of 8 mile road was incredible.

@Betty Urban you may want to check the state laws.In Michigan, only a licensed agent can show a property they do not own!

Before taking this on I’d verify with the historical society and building department what process you need to go through to renovate and if there are any requirements on what you’re allowed to do or not do. 

The combination of lower debt costs and rising cap rates is reinvigorating investor interest, particularly in prime urban locations.

Because of the design issues and how sprawling they build (meant to be a suburban product), they valuations are going to be lower than an urban or urban adjacent infill lot.