Our target towns are not in the urban centers but more suburban towns with good schools are moderately priced homes for families.

If you're targeting Section 8 tenants in Chicago, I'd suggest listing at the fair market rent of $2000.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

For those that need a property eligible for immediate launch, the target can be smaller. - Expect buyer competition.

You may also want to consider the type of tenant you are targeting. 

Focus on the big moves: security, renovations, and cutting dead weight. 

I’m Keagan, a realtor and investor based in Indianapolis, and I’ve worked with several clients on value-add multifamily deals and have done a couple myself.For finding off-market opportunities, I’d recommend:County Tax Delinquent Lists – Great for uncovering distressed properties.Direct Mail Campaigns – Target out-of-state owners.Local Networking Events – Connect with wholesalers who specialize in multifamily.I’d be happy to introduce you to lenders and share leads if Indy is on your radar.

It is fair to express your disappointment that they exceeded the cost target you gave them. 

Are you working on any projects or targeting anything specific?

Most out-of-state investors looking at Detroit are typically focused on cash flow, which means they're usually targeting C or C+ neighborhoods.