It doesn't take long to learn how to spot a good deal.6.

Happy to send a screen shot of the portfolio to anyone who wants to see, it just won’t allow me to attach pics to a reply.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 10-14%Cash flow: $250-$350/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B- These numbers are based on the “sweet spot” in Metro Detroit.

Garfield Heights and Euclid are great spots.

Some of my students reached the top spot in 2 weeks.

If you're only 24, have $100 a month in expenses because you are living at home, saved $200K and have been helping with properties for a while, you are in a great spot. 

If that is the case you could just get stuck with a condo you can't rent which is a tough spot to be in. 

Thorough and very spot on. 

And you know that the leak in the roof they fixed was this same exact roof leak spot?

It’s important to highlight several key restrictions that apply to the Affordable ADU:No Related Renters: The Affordable ADU cannot be occupied or leased to the owner, any relatives (by blood or marriage) of the owner, anyone employed by the owner, or anyone connected to any entities involved in ownership of the property.Student Dependents: The Affordable ADU may not be leased to student dependents, as defined in the U.S.

The more equity you have when you are ready to retire, the more cashflow it will turn into.So you can optimize for two things: higher priced properties with a bigger potential to appreciate (find the sweet spot, don't go too high) and harness more tenants with higher income to pay higher rents (= higher monthly paydown).When you start thinking this way, you quickly realize that today's cashflow is not that important as long term equity.