I personally like to buy in towns/neighborhoods in which no new builds are possible within 10 miles because all the land is developed.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

@Charles Perkins is absolutely correct about "collecting all receipts, properly tracking all income and expenses and your basis for all assets properly documented and recorded."

The population is officially growing again, and there’s been a lot of investment in infrastructure and development in recent years, which makes it unique compared to some other Midwest markets.One thing to keep in mind, though, is that Detroit is very much a block-by-block city.

But for me, the biggest shift was developing a routine and using tools that let me see my rental finances at a glance.Anyway, that’s my two cents.

Quote from @Christian Solis: When looking for private money how do you guys properly present a fix and flip and how do you structure that deal so they are happy with there return on investment ?  

Where single family rentals weren't exciting to me, building and developing land and redeveloping old spaces really intrigued me.

Unfortunately, I’ve run into a major issue: I received a Stop Work Notice on my property in Covington, GA, because I didn’t have the proper permits for the renovations.I want to resolve this as quickly and smoothly as possible without jeopardizing the project.Can anyone offer advice or share their experience with:1.How to address the Stop Work Notice with the local authorities?

I'd really vet the developer, their past projects, talk to prior partners (GP & LP) to see how prior development deals worked out and how the communication was, etc.

,While no investment is completely passive, proper real estate investing should be relatively boring.You asked about the process and major considerations.