Hi all,Was just in Michigan for an extended stay and was wondering if anyone had any thoughts on the Detroit and the surrounding cities for possible long-term rentals or flips?

@Justin SmithNo, you do not have to provide a notice if you are not entering units.

No, not significant volume, the success is just in fact of any placating to it at all, that shows USD vulnerability.

I initially planned on doing month to month lease for incoming tenants just in case I need to let them go if they end up not being the right fit.

Well done Justin!

@Justin JohnsonYou need money to get money (leverage) - having an fha mortgage did you put 3% down.Until you get 20%+ down it’s going to be more complex to get leverage and I would argue even if you could get leverage borrowing money with no reserves is a very bad idea

There are 1,085 lots for sale JUST IN the NW CapeOnly 244 sold in the last 4 monthsThat is 17.8 months of inventory!!!

I could easily see $30-40k of that 90k just in engineer fees. 

We bought 2 HEPA class air filters for the home this year just in case.  

When you want to get into some of the more technical stuff like modeling deals in excel I've found that Justin Kivel's material is really useful and I've used his stuff to train some people in my office, check him out!.