Short and sweet but highly effective💯!

It seems like a sweet deal for the tenant and the house is actually great in a B area.  

most go down to 680 but rates are much better above 700 with the sweet spot being around 740.

I will say 550-600 is what I would consider the sweet spot for what you're looking for.

It would have been a sweet $175k to $275k profit.

Then they started applying to other properties I have vacant right now...Oh the sweet joy of telling them "Those are mine too, and no house for you..."

Happy to send a screen shot of the portfolio to anyone who wants to see, it just won’t allow me to attach pics to a reply.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 10-14%Cash flow: $250-$350/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.

The more equity you have when you are ready to retire, the more cashflow it will turn into.So you can optimize for two things: higher priced properties with a bigger potential to appreciate (find the sweet spot, don't go too high) and harness more tenants with higher income to pay higher rents (= higher monthly paydown).When you start thinking this way, you quickly realize that today's cashflow is not that important as long term equity.

Such a sweet deal.

Lots of big changes and challenges to be navigated but I'll keep this short and sweet to focus on the real world effects of the NAR Commission Lawsuit Settlement for investors scheduled to begin in July 2024.- Buyers will have more (and less) options.