The payments tend to be lower than a standard cash out refi, so if you end up in a tight cash spot, you have the flexibility to pay less for a bit until you get your bearings again. 

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.

This swift turnaround highlights Partner Driven's expertise in spotting high-potential opportunities and executing flawless transactions.

I would think that local chapters of builder's associations would be a good spot as well.

Hey Daniel, sounds like your in a good spot to reposition your portfolio. 

The easiest spot would probably be the dining room and change the office to more of a smaller dining area. 

An FHA loan to force appreciation is a smart move, and with $100K saved, you’re in a great spot.

Why don’t you find another spot and I won’t charge you breaking the lease.”

Finding the right realtor/wholesaler can be a huge advantage, especially someone who knows the local market trends and can spot areas with hidden potential.

Hi @Jefferey Eutsay,This deal has potential, but there are a few critical blind spots and questions to address before making an informed decision:Cash Flow: What’s the current and projected NOI (Net Operating Income)?