To transition to multi-family properties, research landlord-friendly states like Texas, Florida, Tennessee, and Indiana with favorable eviction laws, lower taxes, and higher rental demand.

I also like the refund of course. 

After looking closely at what Hospitable offers versus some of the bigger names like Guesty, it's honestly surprising to see that Hospitable has more features, especially when it comes to automations.

It sounds like you do if you want to self manage.

DM me if you would like to have a conversation and I can guide you to people I know in the community that could help.

It sounds like you trust your PM and he is doing what he is getting paid for.

At those price points I'm assuming this is a more cash flow area like the rust belt, or other mid west geography.

It's like the 70% rule, you can use it to narrow down 100 deals to 30 deals to dive deeper, but you need to know estimates per house..

Prices in Detroit are likely to keep going up.

At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.