Hey Derrick, I have a lot of experience in Detroit.

Hi BP, As a newcomer to the real estate investment scene, I wanted to see if anyone had experience with Section 8 investments in Detroit.

I’d love to hear your thoughts, experiences, and any advice you can share.

It is also worth noting that property management is often closer to 30% of gross rent for a short-term rental due to the much more intensive hands-on management compared to a typical 10% for long-term and as such, I agree with recommendations above that medium term rentals may provide the best of both worlds if you are able to tailor proximity to a local need, e.g. hospitals and travel nurses.Again, happy to relay my personal experiences in the area if you're interested.Best of luck,Patrick

I would greatly appreciate any guidance or experiences you can share to help me make an informed decision.

Blanco,I have 30 plus years of experience in my previous career and would gladly answer any question you would ask me without the need for such condescending sarcasm.  

Nights, weekends, holidays, etc.To keep this on-topic, though...DO figure out what's healthy for you to manage but remember it's a process where every experience teaches you good and bad (and be patient with that process).DON'T sweat the small stuff (damage/costs under $50, undisclosed dogs, etc.) but DO find a way to learn, prevent, put in better practices to maintain your sanity. 

Your experience was exactly mine.  

I manage around 400 rentals with 14 years of experience and have never been sued once.

Consider starting small, like with a duplex, to get experience.