Given the location and how the town has been developing it seems like a good investment opportunity for rentals.

what would you think of a 14,600sqft 3 unit property in sailboat bend, off market, that is RMM25 zoned and has a nice single family and duplex behind it, half of the lot if empty so it can be developed or RV/trailer parking, for $1.1M?

I’m interested in purchasing an investment property with equity I’ve developed in my current home, however I’m concerned that if I have an issue renting out the new home it can blow up in my face.

Given the location and how the town has been developing it seems like a good investment opportunity for rentals.

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The population is officially growing again, and there’s been a lot of investment in infrastructure and development in recent years, which makes it unique compared to some other Midwest markets.One thing to keep in mind, though, is that Detroit is very much a block-by-block city.

My piece of advice would be to research emerging neighborhoods and focus on areas with strong job growth and infrastructure development. 

Where single family rentals weren't exciting to me, building and developing land and redeveloping old spaces really intrigued me.

Hi David,I’m just entering the flex space development space and recently joined a mentorship program to deepen my knowledge (I do have experience in commercial MF).

Quote from @Andy Tack: Hi Lance, we are developing a project that is partially in a flood zone also.