If my stories scare them (and they often do), they should NOT be investing in Detroit.But I'm equally tired of the narrative that these sorts of houses don't work as cash flowing investments.

If so, does anyone know of a lawyer, who can sort this out with a quick phone call to Airbnb?  

@Rene Hosman The only time I've seen them is larger buildings that have financing and the success of the project is contingent on a certain occupancy number, but then again what project isn't :) That being said, I'd always write concessions to start on the second month of full rent.

Don't be fooled by the seemingly higher bars in Whitman, the normal line in Grays Ferry is actually closer to or above 250k for the same metrics while Whitman does not break that threshold:Keep in mind, Grays Ferry is significantly larger than Whitman. 

https://logicalpm.com/new-michigan-section-8-laws-what-can-l...As the article points out, these sorts of laws often result in the opposite of the intended effect! 

Testing out smaller jobs with potential handymen can also ensure quality before committing to larger tasks.Regarding financing, holding onto the properties seems wise, given the strong cash flow and equity.

This thread shows there is a need for a larger guided discussion on best practices as it relates to (renters) insurance.

I'm seeking to be in an environment with like minded individuals to learn and network to grow my portfolio and eventually network to collaborate on larger deals once I have a better understanding of the commercial side. 

One last thought is your likely going to be getting a larger depreciation write off with new acquisitions.

Tough last name to have in the land of the Golden State Warriors ;-)I have a client in Kansas City, MO that has done something similar with one of his larger homes.