Hey Camille,It’s great that you’re exploring multiple markets and thinking critically about population trends and affordability—it sounds like you’re off to a thoughtful start.Regarding Detroit, I’ve invested heavily there and have seen firsthand how much potential the market has.

Your first step is definitely learning about the markets you are interested in and figuring our what your desired end state / goal is that you are hoping to achieve through real estate.

Hopefully, this is a useful example of what’s achievable with out-of-state investing, even with no local connections. 

I don’t know for sure but Ethan has had first hand experience and it’s not good 

Building connections with like minded individuals to help each other achieve their goals is priceless.

As you delve deeper into the world of real estate, staying informed and adaptable will be key to achieving your financial goals.

I sent you a PM to connect, and see how I can help you achieve your goals.

My idea to achieve this is to convert the studio into a short-term rental.I’m trying to determine if I’m forcing this deal to work by relying on the short-term rental strategy or if it’s a reasonable approach given the numbers.

Additionally, do you have any other ideas or strategies that might help achieve his goals without incurring a tax liability?

Can you tell us what your fees are for this loan to achieve such a low rate?