The Midwest, including cities like Detroit, offers some of the best opportunities for affordable properties with strong rent-to-price ratios.

In that they will detail the scales they use, including at which level of renovation it's possible to get things "reset" so it is appraised as if it is a new built property.

THE VISION: With 130 units and 8 buildings plus a wedding and event venue, our vision includes revamping this space into a dream hotel.

Not legal or tax advice, but I think every subject to purchase should include a wrap mortgage so that you create notes receivable income.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I'm a broker in 18 states, and none that I can think of require Disclosure of repaired issues, including NC.

Our interests include the BRRRR method, acquiring value-add multifamily properties, and even diving into full development projects.

I just bought my first rental property in Baltimore, MD, and I’m planning to rent it out by the room, including the basement.

My telephone number is included below if you have any questions or wish to speak, I have several minutes best wishes to you.

Several questions that will allow financial professionals/planners to help you make an informed decision include: what are you paying in rent?