If this property is hard to rent, or is functionally obsolescent (only 1 bathroom, no yard, etc), or has deferred maintenance that will be costly, or is in a location that is not appealing to Tenants, then maybe a sale would be a good option in favor of a property that has better Tenant appeal, which will likely increase rent and avoid long vacancies in between Tenants.An option to consider....

As of now, I want to focus on distressed properties needing light upgrades to ensure the ARV justifies the rehab costs, or I’ll consider a turnkey property if it’s in a good location.

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

Located in Chicago, IL been wholesaling for a While Now but yet to close My first deal yet.

My plan is to develop five 1,200 SF units, allowing tenants to lease multiple units if they require more space.Recently, a 62,000 SF medical building from a Reputed Hospital Name opened directly across the property, which reinforced my belief that a medical office setup would be a strong fit for this location.

It is about $1900 now new.Where is the place located?

Each lender will be willing to provide a ballpark rate quote with some simple info such as FICO score, property type, location, term, and desired LTV.

Quote from @Marcos De la Cruz: Quote from @Drago Stanimirovic: For a single-family rental (SFR) that's free and clear, meaning no mortgage, the acceptable minimum annual cash flow depends on your investment goals, location, and risk tolerance.

@Karim, I’ve been adding some properties/rental income on my Excel to see which locations would give a descent return.JLT gives good ROI, Marina does not.

Huge battery plant will create a lot of jobs and conveniently located at the end of the 406.