What is it about Detroit that initially drew your attention and what about it has caused you to continue investing in the city?

By aligning projects with non-profit initiatives, I've discovered collaborative opportunities that not only generate economic returns but also foster social progress.Philanthropy serves as a powerful engine for economic revitalization, job creation, and sustainable growth.

Quote from @Russell Brazil: In the future, do a court records search at https://casesearch.courts.state.md.us/casesearch/If you had done that, you would have seen they have 8 failure to pay rent cases against them.I am curious Who did the initial check on this person?

We learned about wholesaling initially and that sparked our curiosity about the many ways to make money in RE.

There are larger options but these tend to need some TLC.For your initial search, Zillow can give you an idea of home prices and amenities in your price range.

The advantages are twofold - you secure favorable financing terms for your primary residence, and when you're ready to move on to the next property, you have the option to turn your initial purchase into a lucrative investment.

In reference to the appointments, that was a typo, 38 appointments out of 529 contacts, so 7%, however as indicated in my initial post all of these are not actually qualified leads even though they were dispositioned as such. 

Hi Kevin,I did not initially because I had just purchased the home a few months ago, so I had no estimates on what the monthly / annual expenses would look like.

Possibly riskier because the businesses are less established (of course I must do my proper due diligence.)With my long time horizon before I plan to use the money, it's possible that the higher rate of return for syndications would offset the initial higher tax hit. 

.### Initial Calculations- **Initial investment:** You bought the house for $235,000.- **Sales price:** $315,000.- **Down payment received:** $100,000.### Loan Details (After Down Payment)- **Amount financed:** Sales price - down payment = $315,000 - $100,000 = $215,000.- **Monthly payment from buyer:** $1,394.49.- **Loan term:** 30 years (360 months).### Calculating Total Returns- **Total payments received over 30 years:** $1,394.49 x 360 = $501,816.40.- **Total amount received (including down payment):** $501,816.40 + $100,000 = $601,816.40.### Calculating ROI- **Total profit (not accounting for costs like maintenance, taxes, etc.):** Total amount received - initial investment = $601,816.40 - $235,000 = $366,816.40.- **ROI over 30 years:** ($366,816.40 / $235,000) x 100 = 156.09%.### Calculating Annualized ROI (CAGR)The formula for CAGR (Compound Annual Growth Rate) is:\[ CAGR = \left(\frac{Final\ Value}{Initial\ Value}\right)^{\frac{1}{Number\ of\ Years}} - 1 \]In your case:\[ CAGR = \left(\frac{\$601,816.40}{\$235,000}\right)^{\frac{1}{30}} - 1 \]Let's calculate this:\[ CAGR = \left(\frac{601816.40}{235000}\right)^{\frac{1}{30}} - 1 \]\[ CAGR = (2.56)^{\frac{1}{30}} - 1 \]\[ CAGR \approx 1.0303 - 1 \]\[ CAGR \approx 0.0303 \text{ or } 3.03\% \]This means your annualized return is about 3.03% each year over 30 years.