Any insights from your experience, whether positive or negative, would be greatly appreciated.The attached link explains the current situation with the Detroit Housing Commission (DHC), highlighting that they are severely understaffed and have limited communication with both tenants and landlords.

Well I’ve been building houses all my life I just turned 21 back in October and I’ve been wanting to get into investment properties for awhile but nobody around where I live does it or if they do they don’t want to give you insight or advice and I’m just nervous about losing money igWhat's the struggle on the four-plex? 

Can anyone provide any insight has to the success  rate of investing in Texas? 

Focus on cash flow and exit strategies, and consider starting with a smaller project to gain experience and minimize risk.Good luck!

Their loss is our gain.

This will provide a better reflection of the property’s true market value based on its current use.DM me if you need more insight

@Bao Vu The purchase price and related expenses from 2023 should be included in the cost basis for the flip sold in 2024, reducing your taxable gain.

Your biggest problems here are going to be how to properly qualify someone, what to do if someone stops paying, footing the bill if you have a big repair item, finding quality and reasonable vendors/contractors to fix things, and keeping track of payments.If this isn't you, give me some more context of where you're at and I can give some better insights. 

Thank you for the insight Corey, definitely gave me some things to think about! 

Great, thanks for the insight.