Quote from @Drew Sygit: It seems that 5 years ago or so, an investor could buy a turnkey rental and see it appreciate right away = investor felt they got a good deal.Today, prices aren't increasing as fast, or as much, so investors aren't seeing that almost immediate increase in the value of their turnkey purchase = they don't feel like they got a good deal.Throw in that it's taking over 30% longer to find a tenant today versus 2 years ago, and investors are even more nervous about their purchases.So, many investors are chasing higher value for their investments via trying to cut out the turnkey operator fees.

@Drew Cameron hmm, this is an interesting post since you are a lender that writes FHA loans...but ok. 

What is it about Detroit that initially drew your attention and what about it has caused you to continue investing in the city?

Quote from @Drew McLoughlin: Hey Ben I’m in the same boat, looking for my first 2-4 unit house hack (my number is closer to $2000 in the DFW market).

These are some good suggestions too @Drew Sygit!

@Drew Sygit yes he seems pretty desperate to stay. 

@Drew Sygit Jay doesn’t want me to quit my W-2 job until we’re able to swing it.

Michael may not know this seeing as he works remotely for Drew Sygit, a property manager in Detroit, but it's most definitely a C Class area.As for why the sale does not show on Zillow, it's quite simple. 99% of our deals are done off-market.

Quote from @Drew Sygit: @Samuel Olivas MSHDA loans have income limits and believe area restrictions also. 

They drew me in with their offer of being able to pull out as much as 95% of my primary property's value in a HELOC.