Keep your powder dry for now.

It’s a 5 bedroom with an ensuite, a powder room, and a full 3 piece bathroom upstairs.

lolTimes sure do change and Detroit is booming now and Toledo has been doing very well also.I like to take pride in saying that our companies endeavors have played a part in "putting Toledo on the map" when it comes to investing and I can also see many local folks following in our footsteps :)The market is super expensive everywhere else so now folks are coming to the Midwest.This does raise some concern about maybe being at the peak of the market cycle so it wouldn't be a bad idea to have some dry powder (cash) ready to go.With that said, here is a quick break down of zip codes that we have been active in since we started:43606 (East of ProMedica and not much further out.

They built a poor business trying to capture slightly higher yield and got burned.Now ... did the Fed pack barrels full of gun powder, roll it under them and light it on fire? 

Between my savings, HELOC, and some 401(k) loans I cobbled together about $280k of dry powder.

Let me tell you from first hand experience...Detroit is a powder keg.

I have properties in Kennesaw, Woodstock, Smyrna and Powder Springs.

third one is on going.so make sure you have some powder dry if you do the Partnership route..

Normalizing the conversation (not just you - all of us) will take some of the powder out of the keg.

You have a lot of dry powder and equity which isn't bring you very much in the way of cash-flow.