Major pros of Detroit is its rapid revitalization and cash flow potential.

If you use credit cards, I recommend having a designated credit card that you solely use for the rental property as well.This will keep your transactions for the property very organized and easy to find for tax season assuming you don't already have bookkeeping set up.

There’s a major advantage here, especially for the seller, as it can help them defer capital gains taxes.

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

And actual major flood events in the last 45 years in reality have not come anywhere close to the elevation where this property is.

Specifically, I am unclear what the best way is to organize my subaccount; Do I open a new account per property?

And the guru's and coach's across America teach these sleazy techniques. not all like I said but I would say the VAST majority..

You’ll find investors from Toronto, Vancouver, and other major Canadian cities who share their experiences about market conditions and regulations in Canada.For formal groups or chapters, outside of BP, the Canadian Real Estate Association (CREA) and local investment clubs are great places to connect with more like-minded investors.

Background checks revealing failure-to-pays or past evictions have become more common, and you're not alone in seeing this trend in Baltimore County.One major reason for the deterioration in tenant quality could be the backlog in processing housing assistance applications and increased financial strain caused by COVID-19.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.