Quote from @Paul Azad: Beautiful property Blake, and great growing area, i drove through a few years ago, amazing scenerey and perrenial vacation spot, would you feel comfortable sharing the structure of the syndication for the investors, fees, projected IRR, or time weighted avg returns etc from a potential passive investor perspective?

The minimum hold we tell our clients is 2 years with the sweet spot being 5-7 years depending on the property. 

100% agree with @Collin Hays - find a local manager, preferably one not too large or not too small, I would say 30-90 properties is usually a sweet spot.

If you dont have the tools and skills to DIY and get yourself out of a tough spot then you can be SOL if the deal goes south.

Your GC must sign the contract electronically before a permit can be issued.

Tornado, wind, hail, flooding if in a low spot, general weather related.

While many gurus glorify the strategies they’re selling through courses or books, methods like BRRRR aren’t easy and can put you in a tough financial spot if you’re not careful.

When you’re done, think about final touches that signal quality: well-placed mudrooms, logical spots for washer/dryer units (maybe near bedrooms for convenience), and closets that don’t feel like afterthoughts.The biggest hurdles I’ve seen often come down to hitting that sweet spot between cost and perceived value.

I ended up updating the lease to say that thermostat placement is at the landlord's discretion, ensuring it’s in a spot where the temperature reading is accurate and not affected by drafts or constant foot traffic.

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.