The horror stories are people buying too cheap and buying bad houses.Lots of great opportunities in Metro Detroit.LogicalPM can manage.We just heavily recommend not buying the cheapest property or getting tricked by a wholesaler on a $15k “great opportunity”.Just buy the good stuff.Metro Detroit (my rental portfolio is here)Purchase: $80k-$130kRent: $1200-$1500ROI: 10-14%Cash flow: $250-$350/doorAppreciation: Double digit (for past 10 years, will gladly send data)Location: C+, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, mortgage, Amazon fulfillment, and more jobs.The bad reputation comes from OOS investors wanting $20k D market properties.

A lot of the online calculators will automatically input 5% for both capex and maintenance and then you can usually edit it if you use a different number.

It's hard not to fall into this trap when digital marketing and social media advertising is constantly shoving all of these unnecessary products and services down our throats. 

HELOC's are low cost, digital, cookie cutter no exception type processing- you fit in the box or not.

Post-scarcity refers to a hypothetical future where goods and services are so abundant that they become essentially free, leading to a fundamental shift in how society functions.Some experts believe that certain sectors, such as information and digital goods, are already approaching post-scarcity due to the ease of replication and distribution facilitated by digital technologies.

BUT, you will be paying a mid double digit rate.

EDIT: Edit to add that on the GRE podcast there is a new episode about the coffee farms, posted Jan 09.  

Lockbox installationKey duplication, meeting locksmiths, digital lock code changesMeeting cleaners, landscapers, tradespeopleProperty walk-throughs via phone and/or video conferencing Move-in and move-out inspectionsPlacing signage on propertiesPhotos and videosProperty description copy writingScheduling contractors and tradespeople for vacant propertiesStatus reports on contractor/tradespeople progressProperty drive byMail pickupDocument delivery

Call Tschetter Sulzer here in town edit: if you don't follow the law to a T, then you'll have to start all over. 

The force you to come up w business name on the spot to do business cards and reserve website url for a website they host, for a url they own - if you leave, they own those digital assets.