And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?

The key is to start small, learn as you go, and work your way up!

This is a key difference from traditional buyer agency, where the agent keeps this commission.3.

And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?

@Mattin Hosh first, most cities in Metro Detroit have some type of rental property inspection every 2-3 years.It's not really a big deal 99% of the time - especially for owners who are NOT slumlords:)Also, a quick Google search will show that several states/cities are passing/considering similar legislation.One of the biggest mistakes we see newer investors making is NOT properly understanding Neighborhood/Property/Tenant Classes and naively assuming that any rental they buy will deliver Class A results.Read our copy & paste thoughts below and DM us if you'd like to dicuss more about the Detroit market:)-------------------------------------------------------------------------------------------------------Recommend 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?

Key points include:Security Deposits: In Indiana, there’s no legal cap on security deposits, but you must return the deposit (minus any valid deductions) within 45 days of the tenant vacating the property.Evictions: Follow the formal process carefully.

And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?

It’s better to get to know a market really well—understanding the neighborhoods, trends, and key players—than to spread yourself too thin.

Given the photo of that fix/flip, I assume you're OK with a "fixer upper" or would you prefer a turn-key rental?

They call the person that brings the schedule of real estate, net worth and liquidity to the deal the sponsor or key principle.