In case you missed it, Detroit' Mayor Duggan announced that the value of houses in the city increased 23% in 2024.In the last 7 years, Detroit housing is up over 300%!

Total loan is $500k so the other $400k comes from other investors.My husband invested in a note with Aloha last year as a trial, and unfortunately that one went into default a few months later.

Now i'm planning on being around 85 units end-of-year.

I haven’t received the quote back for this place yet, but other similar properties we offered on were in the $4k/year range for insurance.

We roll 100% of rehab costs into the loan package with 4 draws for licensed contractors.

@Marcus Retter welcome to BP.It's a great community.I've been investing in Albuquerque for 10 years, and you can find some good deals there.Personally, I live in Santa Fe.There are several active Meetups that you can join to get around to other investors.Networking is really important.Get out there and make connections with other investors; that is how I got started. 

Even if it is for just 2 years.

I'm a new property manager, have been hosting my own house on Air BNB for just over a year.  

The only way I KNEW it was a good deal is I had been researching two areas for about a year. 

When it was all said and done I still ended up being able to pull about 5 to 10k more out of it than I put into it.Current mortgage including taxes and insurance is $1,519 and it's currently rented for $2,546/month.Yes, you can buy a house at auction that you then flip and sell for market value.And yes, I have participated in online auctions.This reply is over a year old, but did you have the hard money lender you were using already in place before you bid?