We've been communicating quarterly on the property status, but a simple search on Zillow made me think he's lying to me.

I can say one mistake I made was while buying in great neighborhoods (up and coming) I lost equity on two where we bought on a busier street.

Specifically, I’m interested in understanding the costs, potential returns, risks, and strategies involved in transforming raw land into a residential neighborhood.  

It can be a conversation in search of a win-win, a mutual effort vs adversarial negotiation as on-market is designed to be. 

This question is one that has been asked and answered like a billion times, but the search on here isn't the greatest.The short version is - unless you have cash to buy or are getting a DSCR loan or buying a commercial property, you aren't starting an LLC to put this in.

The $1,550 is the max they'd be willing to go to if that sub-market and neighborhood comps can support $1,550 plus.

What quality are these homes, the neighborhoods, and the renters?

To start, set investment goals, analyze properties, focus on emerging neighborhoods and budget wisely.

.$100k for a 2/2 is high for the City of Detroit, unless at least Class B.So, you should take time to understand the NEIGHBORHOODS in the City of Detroit.You might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider: https://www.biggerpockets.com/member-blogs/3094/99854-deep-dive-into-metro-detroit-cities-ecorseContact us with any other questions:)

Would not be a stretch to use AI or bots to do reverse image searches of your profile pics to scour the web for direct booking sites.