If you do it right, it’s arguably the best market to invest.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.

They have ghetto Class Ds in Texas and Philly, a REIT, working farms, an operating golf club, apartment complexes, cryptocurrency... it's almost like whenever a very hot prospect gets through all their different asset classes, they simply invent another one.

If you hire a PM, your financial account structure can be simpler.If you plan to continue purchasing rentals, I like some key accounts at the "management" level (income, opex, tax, owncp, reserve) and only have 1 checking account per property to prevent having 100 accounts and unnecessary complexity.

I was shocked to see what is going to be a nice high-rise complex about 50% complete in shambles.

I’m weighing two options for our housing situation and would greatly appreciate your advice, given the complexities involved.1.Renovate and Buy Another Property•Invest to renovate our current home adding a bedroom to the house given our family outgrew the house.

In 2022, we also bought a gutted 56-unit apartment complex and fully renovated it in 14 months (over $2.25mm in construction)!

Also no real issues with our 5 arbitrages in an apartment complex.

Please note I haven't used either but my understanding is TenantCloud has more complex accounting features. 

A few months back, a fellow broker brought me a pocket listing for a newly built and stabilized 32 unit apartment complex. 

They have helped me navigate the complexities to meet all my business needs!