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.  

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.

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.

Completely agree, they have a solid reputation as a company that pays on time and as promised.

I can refute your reputation, I can refute you who you fundraise from, I cannot refute a truly quality deal.

I'd do that and I'd fire the PM and hire a reputable one. 

If you are working with a reputable company, then you buy the property, hold the property and look up 7-10 years down the road and have a home that has increased in value and a debt that has been reduced by your renter.   

But I can tell you that I regularly hear from the grapevine about the shenanigans some of the supposed reputable developers are engaging in.

I haven’t taken them, but have terrific reputations.  

But it can be done.I only recommend investing if you can find a quality property manager, one with at least ten years experience managing hundreds of rentals and really good reputation.