I agreed to take out an under ground storage tank in exchange for a lower price.

I have a friend who lives in Detroit and we will be partnering up on our first deal so that we have boots on the ground in the area.

We couldnt have a large hole in the ground fill up with water that we were going to place a septic tank in.

Building our own ground up duplex properties for rent, and also hands on managing our properties.1.

Detroit is a tough market and you need boots on the ground who know what they're doing.

@Nicholas Foy average sales price in The Eye was $87,944 in 2023.We consider it a Class C- Nieghborhood.So, tenants will probably have FICO scores under 580.Means you may want to use a Vacancy/Tenant nonPerformance factor of 20%+ in your metricsYou'll also need a real good team on the ground to minimize losses.

Managing a section 8 rental without being on the ground will be difficult.

However, you will likely have more maintenance without the HOA as now you have the exterior and grounds to worry about, as well 4 of everything on a 4-plex.

I'm in Tampa and, in addition to financing homes, we've built our share of ground-up spec homes here in the Bay Area.

Have a good group of people on the ground who you can call to fix things when something comes up.