It's powerful software, and it will make running your business easier in the long run.

Long term rentals are easier to manage and come with less risk.

Detroit offers solid cash flow potential, a relatively low barrier to entry, and the market fundamentals are improving with a growing population and significant investments in the city.Since you’re based in upstate NY, Detroit is also a quick and easy flight, making it easier to visit and get a feel for the market if you’re considering out-of-state investing.

If you want to run your investment like a business you 100% need to establish a solid screening process that makes placing tenants in the future easier.

There are more complicated strategies to maximize larger listings that involve having like multiple listings for same property and do individual room rentals when it is slower and then for larger length stays, larger groups, and more desirable dates you'd book the whole space, but I think its easier to just do two separate. 

The operating expenses in your report seem really high and some appear to be redundant.

Earning potential and cash flow seems like it would be easier to obtain if the numbers are right.

I'd sure like to borrow his MLS access (if he had it) for easier research though.

With Chicago's new Express Permit Program, it's a bit easier to get permits for work that would have previously required architectural drawings. 

Personal criteria, building criteria and area criteria will all affect the way a deal appears on paper. two 100 unit apartment complexes, one in an A area and one in a C+ area will have very different financial breakdowns and interest groups.Want to know if a deal is good (for you)?