On top of that, the rent-to-price ratios in Detroit often outperform other markets, which can mean solid cash flow alongside appreciation potential as the city continues to grow.The key with Detroit is understanding the nuances of the market—it has a large footprint, and neighborhoods can vary drastically, even block by block.

Do not rely on it for legal advice.

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My idea to achieve this is to convert the studio into a short-term rental.I’m trying to determine if I’m forcing this deal to work by relying on the short-term rental strategy or if it’s a reasonable approach given the numbers.

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The quality of available tenant varies drastically depending on the neighborhood.

I have some flexibility but rely heavily on my team for admin work and the day-to-day operations of property management.

I rely on SEC 8 for these neighborhoods in the winter months.

The information contained in this post is not to be relied upon.

The information contained in this post is not to be relied upon.