Existing tenant stayed in my rental property 3 years without rent increase.

What may the property be worth then and how much cashflow might it be generating?

Does anyone own rental properties in Detroit?

@Tannia CastroWelcome to the exciting world of rental property investing, Tannia!

We have couple turnkeys, and couple of BRRRs that we did so far (all are single family residential properties with long-term tenants).We are interested in exploring commercial real estate, and wanted to get all of your help in getting started. 

Can they prove how long it takes to rent a vacant property?

I think having a balanced budget would be ideal where you allocate money into buying another property and money set aside for renovations.

@Shannon Vistisen I would say this, unless you know everything that is tied to that entity, buy the property alone.

Quote from @Louis Hamilton: The property is worth around 800,000 and has no mortgage on it.

.: I’m currently renovating a rental property and exploring ways to manage costs without compromising on quality.