I think new builds don't really work from an ROI standpoint, but if you can find properties that have easy ADU conversions then the value might be there.I'm in MA and we just made ADUs legal by right, so I'm looking into the best ways to add value using them.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

@Tannia CastroWelcome to the exciting world of rental property investing, Tannia!

Does anyone own rental properties in Detroit?

@Shannon Vistisen I would say this, unless you know everything that is tied to that entity, buy the property alone.

I think having a balanced budget would be ideal where you allocate money into buying another property and money set aside for renovations.

I would recommend considering conventional financing until you reach Fannie Mae's limit of 10 properties, then consider either a portfolio loan, and start your race to 10 again, or look at DSCR at that time. 

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

We have couple turnkeys, and couple of BRRRs that we did so far (all are single family residential properties with long-term tenants).We are interested in exploring commercial real estate, and wanted to get all of your help in getting started. 

This is a twin home in Ardmore - which is an amazing area, and I am really enhancing the property.