This is a sweet cash flow deal that could generate a lot of profit for you, particularly after you move out.

A $500k property should produce gross annual income of +/- $50K but can generate as much as $65-70k with the right location and amenities like a hot tub.

regarding roofs  pray for hail storms and then replace .. in those type assets that are really priced for cash flow.. values will rise only when rents rise.. as non of them will ever go owner occ.. at least that is generally what happens with this type of housing.. the value play is the tenant pays off your home and your home generates enough cash flow to break even at best and feed it a little bit over time.. then at the end of your mortgage term 30 years you now have say 2 mil of paid for assets the real money is made on these assets cash flow wise ONLY if you pay cash IMHO

Detroit is a great place for that, but as you probably already know, it takes work and strategy.For background, I moved from CA to Troy, MI, back in 2017, lived there for five years, and built my Detroit portfolio aggressively—12 doors in 2.5 years, generating $16,000/month in gross rents.

Touche' there is that but our product we owned was only 15 million of it and if she was not selling our houses we own she would be selling someone elses.. the point is if you put in the work know what your doing after about 5 to 7 years in a market were average sale prices are 400k and up there is a strong chance you will make 100 to 300k a year and your marketing budget will be a fraction of what a wholesaler spends to try to generate their income.

This is where you generate cash and you can then invest it in RE - or something else.Most of the guru content was written a decade ago and it just does not apply the same way it did back then.

Key Questions to Ask YourselfProperty Cash Flow: Will the property generate sufficient cash flow to cover the monthly payments, taxes, insurance, and other expenses?

During this time you are not generating any return from the money invested in the ADU.

the guy told me they are a sister company of another big firm (forgot the name)  that they wanted to appeal to this new generations  the terms sound very interesting,, where do you think we can fing more info on them?

Issue:  computer-generated random phone numbers for outgoing calls.