Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Partner Driven added value to the N Cox St deal by investing $30,000 in targeted renovations.

I currently own a quadplex on the near Eastside, a dynamic neighborhood I like to target when investing.

From the sources I've seen, it involves looking for 20-30 or so similar homes to the major MLS listed features of your home, then taking the average price per square feet and using that as your target "market price per square foot".

IRS liens are no big deal.. worse case you just have to hold the property about 180 days and they fall off.. many people get scared of IRS liens myself I would target those as I knew many would not bid because of it.. 

An extremely overlooked method here is to open up listed rentals on zillow in your target market and call any landlords that don't appear to be listed as an agent or property management company.

Much like you, this is my real target of 2024. 

Your target market will really depend on your strategy, so I would nail that down before deciding on the location!

I've heard people talk about getting an IRR around 20% but I'm not sure if that's an outdated target and not as realistic as it may have been in the past? 

I target C+ class SFR since they appreciate better and have higher cash flow in my area (Dallas).