Have a backup place to get back in a W2 job if things go wrong .Use credit cards as a LAST resort .   

After some investigating, it was the last of ventilation PLUS moisture retention under the house.Give that a shot.

We're considering our options for moving forward.Numbers:Purchased for ~ $230,000 (2.5% interest)Remaining balance ~ $220,000Appreciated to ~ $400,000Cash flow is ~ $500 a month after setting aside for all reservesOptions we're considering:1- Cash out refinance- at current market rates, rough estimate is that we could access close to $100,000 in equity, but our cash flow would go to $0 or possibly negative for a period.2- Sell now - if we sell before the end of the summer, we could still qualify for living in the property for 2 out of the last 5 years for the additional tax benefits.

The recent NFL Draft, hosted by Detroit, brought in over 300,000 visitors who's attitudes about Detroit did a 180.Detroit also beat out Miami last year for the city with the highest appreciation rate in the US.It's not all unicorns & rainbows though, as there are still many areas of the city investors should avoid, which scammers keep trying to sell to naive OOS investors.PM us if you'd like to know more about how we've assisted hundreds of investors make logical investment choices in Detroit and avoid portfolio crushing mistakes:)

Also last November I bought a single family house that is an airbnb and it has a 1/1 apartment in the back that is a long term rental. 

My last flip in the area is on the West End tour of homes tomorrow.  

I've met so many great people through BP and it honestly has changed my life over the last 3 years.If you are interested shoot me a message or leave a comment and we can find a coffee shop in between where we live.

Houses did not increase in value that much over the last 20-30 years....and there's a reason for that.  

I've gotten so much help from the forum that I wanted to share a lessons learned and the process i went through with an eviction i had mid last year. 

Greetings,
I'm a local Broker with a vision of building generational wealth for my Clients. Basically that means developing Investor portfolios, managing commercial assets and design build. Should this resonate with ...