Some investors cringe at the thought of getting a loan, which they call debt, while others cringe at the thought of spending a dime of their own money, and finance 100% of the property, which they call leverage.And then there's plenty of us in between the 2 extremes.

I'm also extremely active there. 

Extreme oversupply of STRs in a bunch of markets, due to irrational exuberance and massive overbuilding in 2020, 2021, and 2022.2. 

I know it may sound extreme (and maybe I'm paranoid), but what if you find a tenant today but come June/July they lost their job, took on debt, etc.?

If I factor in additional $5,000 in upgrades it still hits a 30%+ CoC return....It certainly is not a grand slam, but for the extremely low barrier of entry, it seems like a solid base hit. 

The market here is extremely difficult to enter due to cash offers and low inventory.

Hey Eyal, I am extremely experienced in the Detroit market.I own 12-doors there but live in California.

While still technically in seller’s market territory, inventory is well above extreme lows seen in recent years and has held steady for many months now.

My attorney has said it is extremely messy and possibly could have this hell of a tenant stay rent free with his junkie friends up to 6 months in the unit.

As in, would it sit for sale because it’s now “worth” 350k arv despite the ones around it in the same neighborhood being listed now at 250k, as an extreme example?