I base my rents on the condition of the unit and the competition. 

wild. 8. if you dont want to close in an LLC, you can still close in your personal name. 9. there are lenders with competitive rates if long term rents are greater than 1.1 of debt on the property (PITIA). however, there are also lenders who will allow you to do 80% cash out refinances with DSCR if DSCR ratio is 1.0. there are lenders that allow you to buy real estate at 20% down EVEN IF DSCR ratio is only 0.8. which means the rents are less than the debt on the property.

You can find duplexes under $180K in C-class neighborhoods, in decent condition, that meet or exceed the 1% rule

@John Clark haha in Albany Park there are now million+ new builds and 2 units in average condition sell 5-600s.

What's your take on current market conditions?

Yup, property condition, vintage, neighborhood, tenant base, property management are all very important considerations. 

Because in their terms and conditions there is a veiled threat that if you say anything derogatory about the company they will sue you.

Managing property can either be a lot of work or fairly hands-off—it largely depends on the property’s condition and how well you screen potential tenants.As for deciding between the two property types, it really comes down to your long-term goals.

Naturally, they are your competition and the daily rates need to be taken into account.

All complimented with Amazon fulfillment centers, google, and more tech manufacturing jobs.The bad reputation of “Detroit” comes from OOS investors wanting sub $40,000, D class properties in poor condition, because they pencil out to 2-3% deals on paper.