If you're going to reinvest the proceeds you might want to consider a 1031 exchange or a cash out refi to generate the investment funds you desire for your next project.

Neighborhood revitalization projects, major corporate investments, and an influx of small businesses were all happening at a pace that made it clear the city is on an upward trajectory.From an investor’s perspective, Detroit offers a unique combination of affordability and opportunity.

Are you working on any projects or targeting anything specific?

A baseline schedule is a reference timeline to track key project milestones.

While every project is unique, the basics he highlighted are essential parts of any construction contract.

I very much appreciate the honesty around the current state of the market in the area and I will make sure to adjust our projections accordingly.We are excited to start our journey and looking forward to contributing to the BiggerPockets community.

Also, the ability to find good deals with an accurate budget to complete the project up front from some good project managers/general contractors.

Time Commitment - Basically if one of you spend more time on the project than the other they should be compensated for that time.

I would not use our money for the next project.

It helps to know which plumbers or electricians like a remodel project vs a new build project.