Typical PE investor double speak. 

Most out-of-state investors looking at Detroit are typically focused on cash flow, which means they're usually targeting C or C+ neighborhoods.

@Thomas FarrellRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I know Shopify typically is a more commerce base platform.

In my experience, a successful BRRRR typically comes down to two main things: finding a good deal and managing an efficient renovation.

We typically pay somewhere in the range of $3500 for a new, basic furnance, including install, if there are no other modifications to the system required. 

That sort of thing is typically negotiable.

These are typically interest only and require a payment of 1-4 points up front depending on your area and the PML.

Typically by the time it reaches the MLS, it is listed at retail value, and you're not going to get a screaming deal, although there are those diamonds in the rough and my team frequently does "fixer" deals off the MLS.

I do not have a traditional W2 job so I can't pursue the typical conventional loan or a FHA since I don't have income (hence the DSCR route).However, I've seen that most DSCR lenders do not lend if the loan amount is less than $100K.