I appreciate the kind words.

Quote from @Jason Matthews: @Blake McWilliams Hey Blake, Appreciate your thoughtful response!

I assume there is zero or almost zero appreciation and that’s the reason you aren’t selling tax free?

You may be able to get into a reasonably priced house hack in these markets and benefit from some nice appreciation.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

You might "lose" money on cashflow but you keep an asset that will hopefully appreciate in value and you get several benefits other than just appreciation. 

But appreciation in Detroit has been next to none over the last several years, and with entry level prices being under 100k it presents a real opportunity for investors!

The capital you'll need to accumulate depends on the appreciation rate in your chosen investment city.

I will appreciate your insight.

Hi Michael, appreciate your honesty in your post What Area are you currently residing?