Just know that it is a "no days off" kind of business and very mechanical.I would suggest documenting your process via video so that eventually you can bring people on to replace the different hats you will be wearing.Keep in mind of these 5 components of any wholesale business.lead generation, deal sourcing, underwriting, marketing, transaction coordination.

If you can show that the numbers work, you can get 100% of the purchase and rehab covered.The key is finding lenders who work with new investors.2.Partnering with Experienced Investors– If you don’t have capital, you can offer your time, effort, and hustle in exchange for a piece of the deal.

What you do to provide actual safety to guests is going to be key.  

A lot of newer investors are overlooking key details like their interest rates, LTVs, and bridge loan terms, which can lead to trouble when it’s time to refinance.At the end of the day, this is simple math, and sitting down with your lender upfront to structure the right deal can make all the difference.

Turn key or needs a rehab?

On top of that, the rent-to-price ratios in Detroit often outperform other markets, which can mean solid cash flow alongside appreciation potential as the city continues to grow.The key with Detroit is understanding the nuances of the market—it has a large footprint, and neighborhoods can vary drastically, even block by block.

Conducting inspections and due diligence on the condition of a property to derive realistic estimates for repairs is still the key.

I was planning to buy a distressed property and build equity in it with repairs/rehab, rather than pay top dollar for a turn key.

And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?

The key is to start small, leverage creative financing, and keep reinvesting to grow your portfolio.