Tip: Take a couple videos of the place fully furnished before anyone moves in and send them as video tours to potential tenants on FurnishedFinder when they ask to see the place.

The more that you talk the more potential buyers see what they are dealing with.Lori you purchased a property that was occupied.

Home is potentially upside down on mortgage (verifying that) and current owner wants too much for the house.

I focus solely on Detroit proper because, in my experience, the rent-to-price ratios, opportunities for value-add projects, and overall market potential are much stronger there.That said, Detroit is a nuanced market.

I recently came across a property near the international airport that seems to have good cash flow potential.

Assume a couple of months of vacancy, consider potential unexpected repairs (like HVAC or plumbing issues), and test the numbers with rents dropping by 10-15%.

They use leverage in some of their funds, which can increase returns, especially if they have a low cost of capital (but potentially increase risk and trigger UBIT issues).

I was particularly drawn to this deal because of the strong growth potential in Bushwick, Brooklyn.

Depending on what the potential jobs offer in terms of income, does this seem like a realistic strategy?

We’re looking for Excel models to compare these options and calculate potential net worth in both scenarios.