And you need to keep detailed records of all repairs and improvements.

Nothing to get crazy about but no need to deal with tenants, property taxes, repairs, vacancies, etc. just sit back and collect.

Purchase price: $2,800,000 Cash invested: $560,000 The property is a three-story multi-family residential building with six independent units, initially facing significant challenges due to poor conditions.Renovation Investment Summary:- **Structural Repairs:** $250,000- **Kitchen Modernization:** $100,000- **Bathroom Updates:** $50,000- **Exterior Improvements:** $100,000- **Holding Costs:** $50,000- **Property Taxes:** $30,000- **Insurance Costs:** $10,000- **Management Services:** $10,000

I've had a lot of large repairs in the past year that just kill the cash flow.

The DST is losing $ due to upkeep costs (foundation, HVAC, normal repairs, etc.).

I guess it's just too many factors to consider and it easy to get overwhelmed and cannot get accurate info and estimation when I conduct analysis (ex. property tax rate, insurance, maintenance fee, rent, repair, closing cost, etc.) 

What do you think about investing in Detroit, such as buying a house, repairing it and renting it out?

Zoning says that it is a repair service shop, excluding automobiles, any idea if leasing out storage space would be permitted?

What leads to the highest repair cost? 

The catch is she is retired and won't have income except SS, thus I would be paying for everything...the HOA, repairs, utilities, insurance, etc.