I’ve built a 12-door portfolio here since 2019, and it’s been one of the best decisions I’ve made in real estate.If you’d like to dive deeper into Detroit-specific strategies or need some pointers on how to get started, feel free to reach out!

Also, for anyone who considered it but chose not to proceed, what made you decide against it?

Purchase price: $90,000 Cash invested: $15,000 What made you interested in investing in this type of deal?

Once that payoff is made the wrap mortgage moves to first position. 

The first applicant made $4000/month.

You may find that the payment was made directly to the tenant; you may find it has not yet been funded. 

The goal is to move into another property by spring 2025 to do another live in flip and keep this property for a few years at least.What made you interested in investing in this type of deal?

I took what I learned, applied it, made mistakes, and kept going.

I think new builds don't really work from an ROI standpoint, but if you can find properties that have easy ADU conversions then the value might be there.I'm in MA and we just made ADUs legal by right, so I'm looking into the best ways to add value using them.

At the very least, I would request a refund of the original application fee as the City made a mistake causing you to have to submit again.