Always, always use contractors that have draws at set benchmarks: rough-in plumbing passed, drywall complete, all doors installed, etc.

I would consider using a realtor if the property is 20,000 or more and yours meets that benchmark.

You get the rehab money in the loan.  80% is a standard benchmark. 

But here are some really interesting numbers...Ok so this one doesn't look too bad but notice how much more the townhouses and condos dropped in prices over the last downturn.2007 peak to now isn't so good...Before the 2007 run up to now is better, but even then, apartment condos performed the worse (so best case scenario, you have the worse performing asset type, worse case scenario you had a terrible return), and that's assuming you had nothing go wrong with the condo (special assessment etc)But benchmarks don't even tell the whole story, because if you had a specific condo investment, and you tracked it's value overtime, benchmark prices isn't the right approach as it evolves overtime (benchmark price is the price of a typical property generated at each point in time).

Market rent is the benchmark, but what is "market rent"???

This is why I recommend investors always do what I call 'benchmarking.'

Personally; I do give ~10% not because it is a tithe, but because that is I believe an appropriate benchmark to strive for in giving.

Wondering if anyone has a benchmark of #of calls-to-lead conversion rate for this activity? 

By that time everyone is aware of what other "comps" are going for (reminder that buyers don't care about how much you spent on XYZ, they see similar-ish homes and that's their benchmark). 

They are seeing the potential Detroit has for outsized appreciation as that story continues to unfold and take root as the new narrative.And they love the fact that they can still get cash flow.For a benchmark, we did 200 transactions in Detroit in 2023.