Everything was progressing smoothly until I met the appraiser to provide access to the property.Right away, I sensed something was off.

Too many low income apartment buildings near by / vacant buildings. 

Unlike banks, which offer limited loan options, brokers have access to a wide network of lenders, including niche and non-traditional financing sources.Here’s what they do:Assess your financial situation to determine your borrowing power.Compare multiple loan products to find the most favorable terms.Negotiate rates and terms with lenders on your behalf.Guide you through the application process, ensuring you meet all requirements.Example: Suppose you have a lower credit score or unconventional income sources.

I looked into a program that is called the rei accelerator and they said they will guarantee me a deal of a 60+ unit apartment building in the next 4 months and i will get to a closing table and generate $20,000 a month off my first deal with working with them.

Apartments aren’t an alternative to these people.

I imagine those renters will fill it and then not access it much, so it shouldn't be a bother to your tenants.

Borrowers overleveraging, deals falling apart, and platforms absorbing starting to selll off these losers. 

From a lender standpoint I think the main areas of concern with auction properties boils down to access.

Definitely glad to be a part of this community and learn from some great folks!

Quote from @Casey Wilson: Hi there, I was wondering if any Detroit-metro experts from the PB community could offer advice on what areas in the Detroit-metro area might be worth exploring for rental properties (ranging from single family homes to 5+ unit apartment complexes).