We quickly saw its potential and finalized a deal with terms favorable for a successful flip.

I am already have a good lender that has pre-approved me with a DSCR loan so all I need is to find the right market to invest in!

@Eddie Lozada what did you go with finally? 

Finally, even with a substantial discount, the house may not be worth it.

The rent-to-price ratios in many neighborhoods are strong, and the city’s population is finally growing again after decades of decline.One thing that stands out to me is Detroit’s median home price—around $95k—which is far below comparable cities of its size in terms of population.

I'm a new real estate investor just looking to get more knowledge on how FHA loans work.

Finally, double-check local demand and rent trends in the area to ensure the pro forma income is achievable.I’ve worked on several mobile home park deals as a broker and am currently helping a few clients sell their parks, so I know how important it is to ensure the numbers make sense both now and in the long term.

Finally, short-term rentals can offer potential tax advantages, as many expenses associated with the property may be deductible.

@Ben O'Neill I have a second, and for a short while a third loan on a property.

Hello,              I was able to finally evict my tenant.