I’m Keagan, a realtor and investor based in Indianapolis, and I’ve worked with several clients on value-add multifamily deals and have done a couple myself.For finding off-market opportunities, I’d recommend:County Tax Delinquent Lists – Great for uncovering distressed properties.Direct Mail Campaigns – Target out-of-state owners.Local Networking Events – Connect with wholesalers who specialize in multifamily.I’d be happy to introduce you to lenders and share leads if Indy is on your radar.

It is fair to express your disappointment that they exceeded the cost target you gave them. 

If you're targeting Section 8 tenants in Chicago, I'd suggest listing at the fair market rent of $2000.

Are you basing this solely on what you can afford, or what you intend to make on it, or your target sale price? 

I would like to know how to read the market a lot better and learn how I can see wether or not a certain city is thriving or not, if where I purchase the duplex is thriving I'll just settle there and target SFH's there instead of moving out of state.  

Are you working on any projects or targeting anything specific?

Most out-of-state investors looking at Detroit are typically focused on cash flow, which means they're usually targeting C or C+ neighborhoods.

Therefore, any strategic/investing where you have a solid plan to get most/all of your capital back would be my target for this type of capital.

If you are thinking of targeting travel nurses just know that most of the demand is in the 1-2 BR space.

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