The city has been doing extremely well and it hasn't quite gone mainstream with most investors yet.Happy to share some resources and learnings on the market there if you'd like.

The "Initial Filing" is extremely important to get this right the 1st time as there are limited safe harbors for mistakes to avoid the penalties.

No one will ever be 100% accurate with a spreadsheet, but I have to say that these numbers are... extremely optimistic.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

That data would be sales price after remodel (the true numbers some agents really don't have the experience to be comping the property), the days on market you will experience (this is great info because you want to recycle the money quickly), and resources to sell the place fast not slowly which you do not want this because this could put your holding costs extremely high and push the property to little profit or no profit. 

Extremely helpful and constructive post. 

Jerryll's team is very responsive and extremely helpful.

But the ones that aren't stopped right away and get a head on them, when close to an urban area, with wind like this, will cause extreme devastation. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

After today’s experience with the extra “PM” fee tacked onto the already extremely high placement fee, I felt I had to say something.