The population is officially growing again, and there’s been a lot of investment in infrastructure and development in recent years, which makes it unique compared to some other Midwest markets.One thing to keep in mind, though, is that Detroit is very much a block-by-block city.

Given the location and how the town has been developing it seems like a good investment opportunity for rentals.

Everyone will tell you it’s great to get started early, or you can just move after a year, but in the current environment in our region the rent your property will generate after you move out will likely be less than your mortgage, if you are tied to the area and feel confident you want to stay in whatever property you buy for 3-5 years go for it, if you want flexibility rent and throw that money into and index fund. 

Hi David,I’m just entering the flex space development space and recently joined a mentorship program to deepen my knowledge (I do have experience in commercial MF).

Hi Brett - local PM here - we have a few development projects, small multifamily and tonwhouses that we are gearing up for sale in the next 6 months.

  ( Maryland )  Small parking lot 12 cars plow and salt $450 . 2 in trigger Costs are regional for sure 

My piece of advice would be to research emerging neighborhoods and focus on areas with strong job growth and infrastructure development. 

That being said, I've been moving into development.

Lived in Columbus for 13 years, 600+ transactions, development experience, new builds, 40+ rehabs, DM me if you want to know about the market. 8+ years on the forums advertising and building relationships with investors in almost every state.

Quote from @Andy Tack: Hi Lance, we are developing a project that is partially in a flood zone also.