Indianapolis has a strong event-driven market (Indy 500, sports events), so this company could be a good fit for those peak seasons.4.

Cash flow was higher and the numbers were strong enough where people may not have had a great outcome but the investments didn't end up losing money on a monthly basis either.But rates are higher now, and so are prices.

PS: If you're going with a DSCR loan, I STRONGLY recommend Devin Peterson.

It's not a game changer, but a strong concession can level the playing field a bit.

However, the downsides are that DSCR loans often come with higher interest rates and require the property to have strong cash flow to meet the lender’s standards.

I strongly recommend meeting with a real estate attorney, and seeing how this can be accomplished correctly;  let them handle the process.    

I appreciate your emphasis on considering factors beyond just initial numbers, such as property management availability and long-term appreciation potential.Your point about Detroit's attractive price-to-rent ratios and ongoing revitalization is intriguing.

@Bans SharmaThat rate on the 5/1 is pretty strong. 

You'll likely pay more later, due to the fact that a load of buyers may soon jump into the game when rates fall enough, as well as the fact that homes in our region appreciate at a pretty strong pace. 

I'm seeing strong cash flow and great appreciation.