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: 4-12%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.

The reality of investing is often much different than people see on social media - you need the fuel to power your investment properties!

Look up the loan officer and not the company (do they have any online reviews or social media presence; if possible look up their production numbers to see if they are any good)4.

Door knock, cold call/text, mailers, social media, etc. 

It makes me wonder if there is a DSM for persons who believe they are qualified to make psychological diagnosis for a person based solely upon what they have seen or read on that person via selected media. 

I believe its because you can also see what they are doing on a day to day basis because of Social Media.

Avoid basing it on uncontrollable factors like taxes or insurance.

Social media engagement is running a somewhat distant third.  

It would take 4 years to save another $100k before I could make another purchase based solely on the cashflow.

The simplest way is to base it on the market temperature of whatever city you’re researching.