I realize off-markets are best but which have you been more successful with: pre-foreclosures, probate properties, etc. 

You need to manage your property manager, work with them on strategy, market analysis, long term capex decisions etc.

Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

If there are any in the Indianapolis market, I'd love to connect!

Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

Homes Are OverpricedHousing could be overvalued by anywhere from 10% to 35% based on how investors are actingThe stock market is pricing portfolios of American homes at a hefty discount to what houses are changing hands for in the open market.

Rent – Lease the property at market rate to stabilize cash flow.

I am not sure about STR in Cleveland and how much that market supports high end STRs and highly designed STRsThat said, I disagree with just looking at others.

But you'll learn a lot just lurking for awhile too.If you want a ton of resources specifically about the Detroit market feel free to shoot me a DM.

This market is somewhat saturated, but there are pockets where STRs are still viable.