Get the house hack under contract and closed first. 

Detroit can be a fantastic market with strong cash flow and good appreciation potential, but it’s definitely a unique place with its own quirks.Starting with cash is a smart move, especially in Detroit, where local knowledge and relationships can make a huge difference.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

Look at the PM contract and verify the 8% is all inclusive and that there are not additional charges for placing a tenant, resigning a tenant, inspections, and dealing with vendors/contractors.  

You are smart to be aware of these landmines, they might be good if you are just looking for a nice place to live but not great if you want to build a portfolio.  

: Experts at sourcing viable properties to market for sale.How does a Wholesaler monetize a contract?

Here's an example of a property I have under contract and my comps on it.

Implementing water-saving initiatives is a smart way to reduce utility costs.

Anyone want to sell me their contract from this course?

@Patricia Steiner we were actually under contract and using a bridge loan.