We have a few areas hotter than others which include West Village, East English Village, Corktown, Jefferson/Chalmers, The University District, Northend, Sugar Hill District/Medical Center, and others.If you want help navigating Detroit we would love to show you around and point you toward where the best deals are.

Amazon and Costco are so big with such purchasing power, you can often find the lowest prices on what you need.

@NA NASince this is your first purchase, focus on finding a property where the numbers work, rather than just any deal.

We have some capital and are looking to possibly purchase a small hotel.

You're gonna want to be around $400k purchase price to be in a good area too.

@Joe Gellenbeck Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Please advise.ThanksMel I'd recommend a local Independent Agency that has access to multiple markets including surplus lines

I think my own research says that I cannot reap the benefit because you would have to have put the property into a fund upon purchase.   

Purchase price: $74,000 Cash invested: $25,000 Sale price: $145,000 I acquired a property from a couple needing to relocate, with significant repairs required.

Seasoning for ownership typically starts on the purchase date.