Make sure to also include in your calculation all the associated costs of those homes (maintenance, cap-x, management, vacancy, etc) then include the selling cost of the home since the appreciation isn't unlocked until you sell the home.

When I have provided it, I write it in the lease that it's not included in the lease and I'm providing it as a courtesy only and if the tenant wants to use it they may and if it breaks down, I won't be replacing it.Allen

The same goes for you, if there is any way that I can be of service to you, feel free to reach out!

,Buying, renovating, and selling is a great strategy, but here are a few things to consider:Start with the Numbers: Make sure you know your ARV (After Repair Value) and work backward to calculate your budget, including purchase, renovation, holding, and selling costs.Financing Blindspots: Even if you’re buying in cash, plan for potential delays or overruns in renovation costs.

She had a rental in San Diego that started to feel like a money pit.

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

If you're interested in diving into Detroit and want to talk more or need some insights, feel free to reach out.Wishing you the best on your journey out of San Diego investing!

As @Julia Lyrberg noted, MTRs typically rent for more than LTRs, as they should for a furnished home with utilities included. 

You don’t have a large enough portfolio of houses for a lender to feel comfortable without a personal guarantee. 

Pros include securing the desired property and strategic planning, while cons involve higher costs, financing challenges, and complexity.