Are you willing to move to a completely new market and essentially "start-over" with your social life?

Consider not just the purchase price but also renovation costs, property management fees, and local rental rates.Consider the Property Management Aspect: If you’re not planning to manage the properties yourself, finding a reputable property management company is essential to ensure smooth operations.Stay Updated on Local Regulations: Familiarize yourself with rental laws and regulations in Detroit to avoid any potential issues down the line.Feel free to ask any questions as you continue your journey.

Eventually, the supply of essentially free house and/or suckers runs out, or law enforcement catches on, or some combination of those factors.

There will always be some uncontrollable variables because you’re dealing with both the human element with renters and houses are basically living creatures themselves and it’s not always possible to predict when big expenses will arise.

The culture component is ESSENTIAL!

It's a hassle when they leave, but it's essentially over at this point.

Deep knowledge of tenant segments and their behaviors is essential, and this expertise comes only through a good property manager.

These items will vary from DSCR Lender to DSCR Lender and can also be determined by things like your credit score, property type and its DSCR ratio, etc.  3% origination cost is very high for DSCR as well unless you are essentially "buying down" the interest rate quite a bit (trading fees for a much lower rate over the life of the loan)I have also been told by multiple people that I should create an LLC or Trust.

I was hoping to get some shared insights into what the best starter tech stack looks like for a wholesaling operation. Ideally, it would not need something like Zapier to connect tools, as that adds to the costs and c...

Educating investors about market conditions is essential.