Use surveys to gather feedback on their experience.When tenants feel valued and respected, they’re more likely to take care of the property and renew their leases, saving owners time and money.Fairness with VendorsVendors play a crucial role in maintaining properties, and treating them fairly ensures they remain reliable partners.

That’s where details come into play.

In my free time, I like to play pickleball, bass guitar, and I write real estate based articles on LinkedIn.

You can only play games for so long.Chances are your next door neighbor is an IRS agent and turns you in when your tenants blocks their drive or some other random event disturbing your IRS neighbor.ADU catches fire and your insurance won't cover you, because it was an illegal and unpermitted structure.The city inspector told the last guy not to build or rent it, and is now pissed and wants to make an example of you and just red tags the whole property and no one can occupy for the next 1-2-3 years while you wait for a hearing.Then when you get the hearing, "staff" recommends you tear the whole structure down, and if you still want an ADU, you can apply for a permit and rebuild it.Your tenant quits paying rent and won't move out and you can't evict them, because there is no valid lease and they're just your "roommate".Probably a dozen other bad things can happen to you when you do stuff like this. 

Detroit is literally one of the, if not THE, best markets you could be playing in today.

Hence you can see how interest rates play a large role in determining cap rates in a market in my opinion. 

I’ve seen situations like this before, and keeping control of the contracts has always been the better play.

These are set it an forget it plays. 7.

Amortization length along with any DSCR requirements comes into play also to determine what kind of down payment requirement you may have to meet. 

Sometimes the best investments are the ones you wait for.Here’s the kicker: utilities and zoning can make or break these plays.