All complimented with Amazon fulfillment centers, google, and more tech manufacturing jobs.The bad reputation of “Detroit” comes from OOS investors wanting sub $40,000, D class properties in poor condition, because they pencil out to 2-3% deals on paper.

I recommend teaching him basic construction and property inspection (4-point items); 'lipstick on a pig' can kill an investment and reputation faster than anything in this business.Best...

We need to establish a contract (or shop around for reputable companies that are willing to do this).

Instead, focus on immediate delivery units or work with reputable developers—we have a trusted list from 9 years of experience.For something even more under-the-radar, there are also other emerging markets in the Mexican Caribbean that are becoming very attractive for investors—less competition, lots of potential.Let me know if you’d like more info.

Use this amortization table, from a reputable website:http://www.bankrate.com/calculators/mortgages/amor...Ignore the difference in layout/presentation - what's important is that the ending balance for each month in their table matches mine exactly.

@Dave Harlan They have an amazing product but your better off using a mortgage broker with a great reputation for customer service because they offer wholesale pricing advantages to their brokers and the only complaints I've ever heard about them have come from service issues on the retail side.

Consider not just the purchase price but also renovation costs, property management fees, and local rental rates.Consider the Property Management Aspect: If you’re not planning to manage the properties yourself, finding a reputable property management company is essential to ensure smooth operations.Stay Updated on Local Regulations: Familiarize yourself with rental laws and regulations in Detroit to avoid any potential issues down the line.Feel free to ask any questions as you continue your journey.

There are exceptions - some properties are set up such that installing a few electric baseboard heaters might be possible to save on the gas bill - but i would still just shy away if not metered separately at the outset.  10) do shop for a lender and compare (usually pretty standard but there can be some fluctuation) - dont fall for the ones that sound too good to be true - there are gimmicks out there - big bank or reputable broker should do you fine.  

They are even featured in articles, have been profiled and interviewed in the local media outlets, look really good online etc. and have a reputation around town as being highly successful because they have been busy buying a lot of units and making themselves look successful even while doing what I would consider very bad deals.It's smoke and mirrors. 

Just remember though, that you also build your own reputation as a developer, and if you get know for being too pushy and inconsiderate that these consultants have other clients to serve too, or that you fire too quickly...you will run out of people to work with.