The market can be tricky with its block-by-block nature, but it's been a great fit for all-cash purchases like yours.I also have a team on the ground in Detroit that helps manage everything from finding deals to overseeing rehabs, which is crucial for out-of-state investors.

That feature is bundled in a Resident Benefits Package I have as an addon through Second Nature. 

Eric,Without going into too much detail on each line item, at first I use my back of the napkin method with a 40-50% expense ratio.

These methods include:Detailed Engineering Cost ApproachDetailed Engineering Cost Estimate ApproachSurvey or Letter ApproachResidual Estimation ApproachSampling or Modeling ApproachExperience or “Rule of Thumb” ApproachFor further details on the methodologies, refer here.WHAT ARE THE BEST AND WORST PROPERTIES FOR COST SEGREGATION STUDIES?

It’s refreshing to see someone leveraging both traditional methods and community engagement... it’s a solid mix.

there are of course more creative strategies to reduce that up front outlay, or recoup your capital, like, say, the BRRRR method. but they are time and energy intensive and certainly not hands-off. 

Are you using the BRRRR method or buying turnkey?

Don't discount that.Real estate remains a valuable investment despite current challenges due to its tangible nature, long-term appreciation, and potential for consistent rental income.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

I started by building a 12-door portfolio using the BRRRR method and self-managing initially.