Making sure that everyone is on the same page.And yes, starting big projects early does make a difference!

Only if it looks well off from otherwise projections would I worry something like hotel listings might be throwing it off

Hi Ursula,Even though this post is a few months old, I thought I’d chime in just in case you’re still working through this or for future projects.

@Bryan Stengel, I think alcohol has been the tough one with the STRs, not sure about if you need license( hopefully someone will chip in ) , however there  always the liability part including but not limited to offering alcohol to people who are trying to quit etc.

@Diogo Candido Wow very cool you are doing the same type of project i am looking to go into!

Forcing appreciation on properties requiring work is a longer term goal but I’d like to start with a simpler project.  

@Kayla M. sadly as other have said, often out of state investors are paying more than is worth, and it can be tough to get back out of a deal.

Neighborhood revitalization projects, major corporate investments, and an influx of small businesses were all happening at a pace that made it clear the city is on an upward trajectory.From an investor’s perspective, Detroit offers a unique combination of affordability and opportunity.

Hi, any fix and flippers in here picking up at least 1 project a month?

Having a vision for future projects like the ones you mentioned are great, but learning the ABCs of RE with a small investment (initial down payment - since you only need 3.5%-5% down on a primary) is the best way to sharpen your skills.