Detroit is very block-by-block, so knowing the dynamics in the area you’re targeting is key.2.

Then I sit down with a spreadsheet and analyze all parcels for an area and generate a list of target properties right from my computer.  

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

That said, it could be a good choice if you’re capital constrained and need to recycle equity from deal to deal.However, if you have capital to deploy and want to take a more hands-off approach, targeting a turnkey, rent-ready offering could be a better approach for your first deal.Full disclosure: I own rentals and operate a turnkey provider in Tuscaloosa—let me know if there are any questions I can answer for you!

First, define your goals know your target cash flow, ideal property type, and budget.

Reason for asking is that I am trying to understand what a reasonable target rent per unit is for specific geographical areas. 

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

It seems like there's some confusion between the asset protection one would want to achieve by ensuring that personal and business funds are never commingled vs. the BMP of separating deposits to ensure they are available to the tenant when due.

How did you achieve this type of cash flow?