Just in maintenance, PM, and vacancy expenses the $1800 is mostly gone... not to mention landscaping, snow removal, insurance, prperty taxes, cap ex, etc...

I’d probably look to rent just in one lease, probably a nice middle ground between having 5 tenants & paying a property manager  

Originally posted by @Justin H.

The city is going through massive revitalization, prices have doubled in the last 5 years but are still quite cheap, and Detroit experienced its first uptick in population in almost 70 years.I was just in SF last weekend and met a couple of clients.

@Justin MummTo me it’s 1.

As Chris and Justin note, the old adage of "vet the jockey (sponsor), not the horse" does not work anymore.While the sponsor can definitely screw up a deal, investing with the "best" sponsor is bad deals is a more surefire way to lose money.  

Quote from @Justin Norman: Hello, I am looking at building a primary residence with one of the large builders in my area.

The polarized extremist nut jobs on BOTH sides seem to have taken the steering wheel and one is yelling to drive us off a cliff the other yelling to drive straight into it and us sane people are just in the fetal position rocking back and fourth trying to wake up from this damn nightmare that the crazies have broke out the nut-barn and took over......Careful the BP gods will remove your post.  

We don't provide tax services (just bookkeeping/CFO) but are huge fans of receipts in all circumstances just in case...

The host, Justin Kivel, breaks down the terms and underwriting in a way that is easy to digest and in bite size videos.