Hopefully, you find it helpful and qualifies us to assist you with your goals:)---------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

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Homes are affordable and we're seeing homebuyers enter the market with a lot of assistance available from the city.I’ve been investing in Detroit since 2019 while living in California and own 12 doors.

Cash from self directed IRA accounts How did you add value to the deal?

Im not handy with tools, so I was thinking maybe assistant property manager or something logistical perhaps?

10) Knowing what to do if tenant is late on rent or doesn't pay.There's a lot more, but many here on BP self-manage and learn via "trial by fire".Of course, you can always hire a Property Management Company to handle it for you.

I ended up having to hire an attorney, file for a writ of assistance, and have the sheriff serve the writ by showing up and physically removing the occupants.

Outsource tasks like admin work or cold calling to virtual assistants (VAs) to free up your time for more important tasks.3.

Here's a bit about me and what I'm up to:Background:Industrial Property: I've got an industrial property with about $1.5 million in equity.Real Estate Experience: I've been involved in multifamily properties, developed some industrial spots, and managed short-term rentals.Current Projects:1031 Exchange Plans:Objective: Considerin a 1031 exchange from my industrial property into assets like self-storage, multifamily units, Section 8 housing, or mobile home parks.Request: Given the current market and lookin' for steady returns, which asset class would y'all recommend?

To minimize upfront costs, explore down payment assistance programs, creative financing strategies like seller financing, or rent-to-own agreements.