If I had to choose, I would always prefer cold calling over texting for this approach.The two best strategies I’ve found are inbound methods: direct mail and Google Ads.Direct mail can be expensive, but it can also yield highly discounted properties.Google Ads, on the other hand, doesn’t require data extraction like calls, direct mail, or texting.

You can also focus on trendy areas like Ohio City, Tremont, or Detroit-Shoreway, where people want to be.When it comes to the property itself, you don’t need anything huge, and you don’t need to go overboard with the layout or expensive design.

Initially, I underestimated expenses such as property management fees, maintenance costs, and unexpected repairs.

If managed correctly, the rental income should cover your property expenses (like mortgage, insurance, and maintenance) while still leaving you with positive cash flow.

Expenses (both transactionally as well as operationally)  disproportionately impact lower priced assets.

Expensive also.. you can move out of the downtown core towards N Charleston and summerville and things get less expensive.

Your debt % is 50%, therefore, 50% of the net income (income after expenses, including depreciation), would be subject to UBIT.

The way to handle it is to allocate expenses based on the percentage of the home’s square footage used for rental purposes.Here’s how it works:Calculate Rental Percentage: Add up the square footage of both the in-law suite and the rented room, then divide by the total square footage of the house.Apply This Percentage: Use this rental percentage to deduct a proportionate share of expenses like repairs, utilities, and mortgage interest.This post does not create a CPA-Client relationship.

It's 750 sqft and I'm trying to get a tenant to pay 2750 which will just barely cover all the monthly expenses and utilities.

Mailing is easy, and you are leaving people with a postcard or letter they can keep (I have had people call me 9 months after they received a postcard), but it can get expensive.