It’s a city I know well because I built a 12-door portfolio there between 2019 and 2021.Detroit offers a lot of value in terms of affordability and rental demand.

Note: The BiggerPockets Calculators do not offer me what a goodl ol' fashion Excel spreadsheet might.

Given the competitive market at the time, every property was receiving multiple offers, and securing a deal required both strategy and speed.

For example, most anywhere will get $700 room, $75 fixed rate utilities, $700 deposit, and then offer a 36 months, 12 month, or month to month lease ($350 fee if ending lease <90 days). 

Watch out for what gets deducted in home warranty or concessions but those will be in offers you accept. 

As a property management company ourselves, we use Guesty, which offers an Owner Portal.

However short contract period allows you to pursue other avenues to sell if the wholesaler can't execute on the terms they offered.

In the program, it appears that you offer a Pre-Loan Application-- perhaps this is how the program is legal?

@Kwanza P.Here you can learn more about non-recourse loans:https://www.biggerpockets.com/member-blogs/2810/46115-real-e...Here is a list of lenders offering non-recourse financing to Solo 401k:https://www.biggerpockets.com/member-blogs/2810/50272-list-o...You protect your property by purchasing insurance. 

Getting a property with a 3% mortgage that offered both equity appreciation and solid cash flow is what sparked my passion for real estate investing.