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.

I only have one deal under my belt so far which was a double-wide house flip.

Have you gotten out of the original hard money loan or still paying the double digit interest cost?

Why double-dip?

It can make a double shot in a couple of minutes instead of having to wait for the boiler to get up temp like ours (10 minutes or so).

Note that a few months after that date rates started to rise and quickly got to over double what I got on these purchases which would significantly increase the P&i.  

Use tools like a deal analyzer to double-check.Start Small: It doesn’t have to be a grand slam.

Contractors like what is being described are simply not going to pay double or triple because of financing. 

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.

Don't just be enamored by double digit returns and definitely don't feel rushed into investing in any funds.