@Jesse Streng Great that you want to invest in the Detroit area but I encourage you to come to the city and spend a weekend here to get a feel for the market.

Long-term planning allows for steady growth, compounding returns, and the flexibility to adapt to economic and societal changes.

Quote from @Richard Eric Hughes: My question is what ae you planning to do?

I’d plan for extra amenities like special decor or concierge services. 

Happy you joined the party.. how soon do you plan to start crunching numbers on a potential deal?

Well-maintained homes: Homeowners tend to spend more time and money maintaining their homes, which contributes to the overall quality of the neighborhood.

No need to spend an extra $1000 for something a tenant won't notice. 

I currently have a bank account dedicated to my first property which I hold in an LLC, and I'm planning on paying out of pocket for the start-up costs initially but I wasn't sure if creating new savings accounts under my first LLC's Bank constitutes a comingling.

@Martti Eckert how do you plan to find reputable contractors that won't take advantage of you when they find out you're OOS?

Are you planning to more projects like this (or maybe BRRRRs) this year?