On paper we were slightly in the red but much of that is due to one-year expenses/repairs & allowable transportation costs to get up to the property for work days ourselves. 

There are plenty of properties that look like amazing deals on paper but are in D/F locations and end up just becoming money pits. 

Whether you’re looking at SFHs, duplexes, or other properties, it’s important to pair on-paper data with boots-on-the-ground knowledge to really get a sense of values.If you’re considering anything serious in Detroit, I’d recommend connecting with someone who knows the market inside and out.

Seeing 9-10% return On Paper, I couldn’t help but connect to the long term RoI of stocks.

Just paper your file accordingly and move on..

Quote from @Scott MacComb: I have had contractors just do a small list on a paper napkin, and some do something on a word document.

I had one of my borrowers leave me for a HML who was of course cheaper. and this HML assigned all their paper / or at least his paper to Peer st.

Pay the money for a piece of paper or go let my guy take on the project?

But I know the best way to keep discipline is with clearly spelled out rules, on paper and signed.  

You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases.