From mom-and-pop shops to multi-million dollar family empires, partnering with loved ones can be a dream come true—or a slow-motion train wreck.

Too many investors get scammed into buying the wrong properties in the wrong Neighborhoods:(That's why we're working to list and rank all of Detroit's 183 Neighborhoods on our website.

As you're out driving neighborhoods, start your own prospecting for other FSBOs or duplexes that might be for sale in the area, for example some may have a vacant side. 

Sometimes even neighborhoods can vary street by street, so there's always a lot to learn! 

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.

Hire a builder and now your cost is $350/SF for the same product.7,000 SF lots in these neighborhoods run anywhere from $600k-$800k meaning you're all into the deal for ~$1.7M not including holding costs, staging, commissions on resale, etc.This all means you need to build in a neighborhood that can support a minimum of $650/SF resale.It's possible but it is extremely competitive, and extremely risky.

As of publishing there are roughly 1150 single family listings with a healthy 300 or so pending as we enter into peak shopping season. 

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.

these are the 10ish neighborhoods in detroit where developers are building new housing stock.30+ new build sales in last 12 months: half sold for $227-300 per sqft. half sold for $301-418 per sqft.

You will likely be underwater from day one because the natural buyer is unlikely to pay retail when you sell and customarily the section 8  turn key providers are not seeking out neighborhoods with strong fundamentals that suggest meaningful appreciation will occur.