My other recommendation is once you decide in a budget and a couple criteria get a really good realtor.

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.

Adjusting the purchase price, budget, and offers can help you reach the break-even point.Many calculators overestimate cost assumptions or rental comps, which can be both beneficial and a hindrance.

However, we’ve faced challenges with lead quality: Most leads are solo traveling nurses, and their budgets don’t align with our 3-bedroom property.

I plan on expanding to a PPC budget very soon.For BP, my goal is to not only learn and connect with any and everyone but also contribute wherever I see fit.

Apply the 70% rule to determine your maximum allowable offer, then negotiate and get the property under contract, ensuring your agreement includes inspection and financing contingencies.Arrange professional inspections to uncover any unforeseen issues, using these findings to negotiate concessions or confirm your repair budget.

This will give you an idea of traveler's budgets and what's in demand in your area.As far as design and photo recs, connect with those in your market to get referrals from other MTR (and STR) operators.

Have some buffer in your estimate (you will always go above your budget 90% of the time).Your builder is the real MVP here.

I don’t have the budget to support but one lead source at a time.

Eliminate debt, establish a budget, and save.