- **Challenges**: If the home needs repairs, lenders may hesitate unless those issues are fixed.

This would make decision making hard, on top of likely needing owners to sign mortgage guarantees, etc.Not enough involvement/too many owners, that you no longer satisfy SECs rules for involvement and it is really a security that needs registered or exempted.Some middle ground, like DSTs or these other fractional ownership, where the admin work is so intensive that fees need to be higher to make it worthwhile for the operator.Then again, I am drawn to real estate, so by nature drawn to traditional, proven structures.  

Challenges?

Unfortunately, human nature is such that if I do spend hours, days, months vetting a sponsor, and ultimately sign off on them, I will already be biased to accepting the next deal they offer, regardless of whether it is good or not.  

Neighborhoods like Morningside, East English Village, and Bagley are great examples of areas where properties have appreciated, and there are still a lot of up-and-coming pockets where there’s growth potential.Detroit isn't perfect, of course, and it has its challenges, but I've found it to be a great market to build a rental portfolio that balances cash flow with appreciation.

Someone who can be helpful when I run up against challenges.

I would appreciate any tips, advice, or recommendations for books and podcasts that have been valuable to you.I’m also interested in hearing your stories about how you got started and the challenges you faced along the way.Thank you for your insights.

.- The yard must be in good order with no debris, either natural or other.

Heating costs go up in winter, as does electricity due to the reduced natural light and more people indoors.

That may take a few years to settle itself, but that's not a neighborhood fundamentals issue and will correct itself naturally, especially as more neighborhood commercial and amenities continue to infill to meet the new population.