You can pretty much name your cap rate here depending on your risk tolerance.There is plenty of opportunity for crazy high cash flow in D type areas, as well as tons of properties that are in B-C type areas that don’t cash flow quite as well, but are in more desirable areas. 

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

Cancellations after booking are much higher on Booking.com- sometimes it’s right in that sweet spot where you can’t really get their money from a cancellation, but they canceled late enough to cause you a pain and block off your calendar unnecessarily.

Quote from @Logan Kurtic: Hello, my name is Logan.

It’s a pretty sweet spot to be at!  

Class B/C is the sweet spot if you're focused on cash flow and building a long term portfolio.

We have a lot of clients having success in the suburbs and ring cities:Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

That’s a smart strategy right now, especially with so many traveling nurses and corporate clients looking for those midterm stays.Since you already have LTR experience, you’ll appreciate that MTRs hit a sweet spot between long- and short-term rentals — less turnover and management than STRs, but better cash flow than traditional leases.

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.