At my other location, I currently have 6 rooms with three vacancies and totalling 4 at the end of the month.

We see a lot of success in the suburbs:Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

As a first time and out of state investor, my top priorities for this first investment were (1) a property that would be quick to rent (as I didn’t have other properties to offset extended vacancy rates), and (2) a very strong local PM team that RTR had extensive success with.

They do so well especially when they need to fill vacancies too. 

I have the ability to cover all the expenses if there is vacancy, which this property has low vacancy.

I am raising one rent at a time because I do not want a ton of vacancies.

It's not a real common concept here in DFW area, but I love it.Buyers have no downtime, no rent rate risk, lower vacancy risk, potentially instant cash flow day 1. 

I'm not a big fan of HELOC toward a down payment unless the numbers make sense and vacancy rate is low. 

The real estate prices are relatively low, compared to the cities & more touristy areas, but the rental returns are good, with a low vacancy rate.

Cruz is a total dork, but a 3-4 week vacancy between Thanksgiving and Christmas is very normal.