At a conservative 6.25% capitalization valuation, the building is worth $16,480,000 in 9 months based on a run-rate NOI of $1,030,000.Key Finacial Highlights:- Projected Total Revenue Potential: $1.15M to $1.7M, reflecting a 48% increase.- NOI Growth: From $603K to a run-rate of ~$1M within the first 12 months, marking a 73% improvement.

Your chances of success will be much higher in the best locations because the high demand of people wanting to live there combined with high appreciation potential will make up for the inefficiencies and risks of operating remotely.

At a conservative 6.25% capitalization valuation, the building is worth $16,480,000 in 9 months based on a run-rate NOI of $1,030,000.Key Finacial Highlights:- Projected Total Revenue Potential: $1.15M to $1.7M, reflecting a 48% increase.- NOI Growth: From $603K to a run-rate of ~$1M within the first 12 months, marking a 73% improvement.

It'd be great to hear some real-world insights to help this group avoid potential pitfalls. 

Dave would love to hear from you, and help analyze potential deals from our community!

If the potential investor is still not convinced, he states that since 2012,every loan note has been repaid, a better track record over 12 years than any lender in American business history.  

I am talking to Builder Banc about a potential investment property refi and I am trying to find someone who has used them before. 

Beyond just solid rent-to-price ratios, there’s a lot going on: the city’s undergoing revitalization, the population is growing again, and there's real potential for appreciation if you’re buying in the right spots.

I don't get to keep that, so that is subtracted from my payout here.

I started investing locally and have kept expanding after moving out of state, so I’ve got experience navigating the challenges that come with investing from a distance too.Detroit has its challenges but also some of the best potential for cash flow combined with affordable entry points.