The model is to sell digital nomads on this idea "Live anywhere in the world".

Dont get pulled in by smooth talking Turn Key operators and thier slick excell sheets showing double digit returns.

@Dan TranSure Dan.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 10-14%Cash flow: $250-$350/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-15% (has been double digit for a decade)Location: C+, B- These numbers are based on the “sweet spot” in Metro Detroit.

I have a small business not related to real estate that generates about $2m/year; I also introduced him couple 7 digits businesses, so bank loves me for that.When I needed the financing for this piece, they gave me 6% interest rate, half point,  prime was 8.5%!!

When the parts break, they are cheaper to repair and replace than a motherboard would be for a washer with digital programming buttons (appx $50 for parts vs $900).Cheers,Melissa 

Get models that use knobs over digital displays when possible. 

Most just use their 4 digit code. 

The initial negative position can be 6 digits.  

I would send the offer digitally that evening as well.

In NYS, you cannot force a tenant to use a digital payment platform to collect rent.