Hello,I am a real estate investor located to Southeast MA, I own and manage a small portfolio of 23 units and am looking to expand and scale out of state as the returns and market have been quite difficult in my area: due to CAP Rates, specific building class I am looking to invest in, and rising interest rates/minimal inventory, as well as it would be nicer to be diversified and in a more landlord friendly state.  

You are investing for return on capital. 

I'm surprised you're still hearing negative things about it considering there's been so much positive press and chatter lately.

I have yet to have one late charge added to a tenant.   

Quote from @David Hori: I've been vetting gurus to determine where an investment would return the greatest ROI. 

If you’re able to dive deep or work with someone who has boots-on-the-ground experience, the returns can be very rewarding.Good luck with your journey, and feel free to reach out if you’d like more insights or resources on Detroit!

I always recommend to make even a little passive income from a rental after all your expenses, lets be honest you put a lot of effort into this rehab so you should reap a little return.

As they are in their mod to late 70's and in declining health. 

Pay attention to improvements that provide the highest return on investment, such remodeling the kitchen and bathroom.

Most CFO clients that I work with that are new construction/home builders usually target a 20%-25% gross margin as they usually have to deliver high teen returns to their investors.Great question.