With the little knowledge that I have on this method, I started building it as if they were flipping a property... - They put in 2/3 of the money- Monthly payouts of 50% of profits- 4 month termBased on the pro forma of the rental, they'd have around a 30-35% roi by the end of the term.

The noise from upstairs is annoying so next time I'd do more testing of the quality of soundproofing in the ceiling (older home so wasn't as good).

High likelihood of low maintenance for at least the first 5 years, depend on the build quality of the house.

The median price is still just $90k and I wouldn't be surprised to see it double again pretty quickly.The other nice thing about Michigan is property taxes are capped at the rate of inflation with a max annual increase of 5% per year.The biggest drawback of Detroit is tenant quality IMO.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Having issues with getting quality tenants in the home.

You won't be managing from afar, so find a quality property manager before you find houses.

Key factors include the quality of the renovations, market conditions, timing, appraisals, and presentation.

(Location of ads or quality of ads/photos.)

Hey @Matthew Samson, regarding "figuring out the financials" for 0-5 small properties, you can do this easily yourself just using excel or another free method.