@Saul Clavijo make sure you understand you will be getting into Class C properties at those numbers.Food for though below, DM us to chat more about Detroit:--------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I think since it's personal and you're the only owner, I would open a high-yield savings account and get 4-5% on the money.

Holding LTR in san diego on a new purchase is challenging not to be large negative at high LTV.  

Especially when there was far wealthier people than me spectating my journey, and probably highly successful and well to do  people here reading this. 

A tenant doesn't qualify for a S8 voucher by making good financial and life decisions, so what quality of people do you think the system is dealing with?

My apartments are in a lower income area, so I don't want it priced too high where it is going to scare them away from applying.

In my experience, Section 8 tenants are low-quality.

If you go in that direction, I highly recommend speaking with multiple franchisees from each brand before making a final decision.

We've had clients over the years who love Bronzeville & Hyde Park and have purchased large buildings with condo quality finishes or updated the buildings & are cash flowing while living in the building.

Do capital gains offset passive losses that the investor has, so someone really isn't paying a high capital gains tax as they thought?