Most land bank properties, Detroit or Wayne County, are trainwrecks and cost more to rehab than they are worth - unless the market keeps improving.Be careful on the next one, but keep improving Detroit!

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

We’re considering whether to do mid-grade updates and rent it soon if we can find a good next property though acquisition and ongoing costs are a problem.

Next up is a huge financial hit: closing costs.

I've stuck with the tried and true reasons I've heard to keep my search ranking high (quality photos, stellar reviews, updates to my listing) and that helps but in slow season, when I'm not willing to cut my rates as much as some of my competitors, it can be a ghost town.  

I predict that the substantial home price cost savings and greater control they enable the buyer to have will make them grow in popularity.

Rehab cost overrun is where most BRRRR investors and flippers go wrong.

BP has no reason to improve the search feature, which they could fix in a heartbeat.

Account for all costs, including closing fees, holding costs, and repairs.

.🔹 Insurance Challenges – Even when insurance pays, it rarely covers the actual cost to completely rebuild.