The 7% rate pretty much equates to 50% of monthly rent for P+I for a 1% rent to price ratio deal.

Builders are often times caught on the wrong side of the equation - same as everyone else.  

I work with these two:Metro Detroit Property Management - Mark HutterNHL Property management - Howard GenserThere are a tonne of companies and each one has had good and bad experiences, so no one in particular stands out.One part of the equation is that the Detroit market itself is a tough place and is not for the novice investors.Only seasoned and large volume Investors make it successful in Detroit.

And knowing is only part of the equation.

I agree 5 mil undocumented are living Pad split style so that might equate to 1 mil units and this will be highly regional. 

My thought is that I could reinvest this money into a few other rentals in better markets to gain better cash flow.One kicker of the equation is that I have the loan on the property at 3.1% and since 2018, inflation has been much greater than the loan interest, making me hesitant to give up such a good rate.My goal is increasing cash flow with my investment properties so that I can turn this into a full-time gig.

The equity gain is just one part of the equation on if brrrr is appropriate.Good luck

This equated out to around $480 to $500 coming out of our paychecks per bi weekly paycheck. 

Hey Henry,Higher density does not only equate to apartments and condosWith the orange groves that we are developing on, many of the municipalities are requiring us to develop 60 & 70ft lots, even though the zoning allows for smaller lots.If we are able to develop more 40 & 50 ft lots, we can build more units and provide a cheaper home since the development costs are spread across more units.One of our developments is 7,190 total linear feet.

You may be better served with a market where you would have more purchase options and more margin (equates to less risk).I like San Diego RE.