Huge opportunity there for real estate investors.

Not very cost beneficial, when you can be worrying about getting more deals. 

That says huge red flag to me.

Looking for a long term play with rent stability more than making huge cash flow.

This limits their RE Investment options to RE that does not have huge negative cash flow.  

That's HUGE right there. 

Multiple escrows and huge profits.Shame on me for being dumb enough a 2nd timeIts not like I am a rookie.

STR-friendly markets make it easier to get started and grow your business, and the lack of state income tax is a huge perk.

Detroit can be a fantastic market with strong cash flow and good appreciation potential, but it’s definitely a unique place with its own quirks.Starting with cash is a smart move, especially in Detroit, where local knowledge and relationships can make a huge difference.

Definitely filing that under “things I’ll do differently next time.”About the appraisal discrepancy—it’s frustrating, but you’re probably right that it’s not a huge shock since I didn’t make any changes to the property.