Ensure you have a detailed renovation plan and consider obtaining quotes from multiple contractors to validate this estimate.Rental Estimates Your projected rents of $2,000 and $2,600 seem promising.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

But the more detailed expenses and income you can get the better. 

Without going into too much detail, we had a mid-rise apartment building in our downtown collapse a little over a year ago which very sadly killed 3 of our residents.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

Upfront expenses and monthly payments must be considered when calculating the return on your investment.EXAMPLEI will provide details below, but here's the short version for those who hate to read or do math.

Whether any of these options make sense will be determined by your use-case.Thank you for that detailed answer!

Again, you can check out the detailed post I made on BiggerPockets after closing clicking the above link. 100% Cash-Out Refi:By April 2022, our hard work began to pay off.

Hey James, appreciate you laying out your detailed thought process.

Has a host you pay ~$50 for the yearly membership for 1 listing, and can list your proximity to hospitals, calendar availability, photos, details etc.