So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Our third partner, who has experience with smaller projects in Detroit, also finds this endeavor overwhelming.

I am currently looking more for turn key at this point.

Hope that helps explain the policy a bit more :) I need to stress again that I was not in the right frame of mind when I made this post.

I am a bit surprised that there are not more options? 

Is this an issue - or do you feel more comfortable now?

This in turn can open up what homes you can buy since the numbers will make more sense when putting 3-5% down instead of 20%. 

Quote from @Mike Levene: contractors should give exact quotes, come in give you a full detailed list of how much it will be to cost for labor and materials broken down.

It's mostly Class A properties, a few Class B.You may find the below copy & paste info useful in addressing your question:----------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Participants are continuously told “we’ll cover all these details so you can do this too in just a moment”, the moment never arrives.