Under the same scenario, a GP with a fixed percent return would probably make the choice to sell and take profits because they would see the 20/80 decision as a bad bet. 

If I wish to continue adding properties/units, I have to make some choices. 1.

Starting rent-free is a smart move—it’ll maximize cash flow but high purchase price and a low down payment make it challenging.

Both approaches can be effective, but they come with different sets of considerations.Turnkey properties are often a safer choice, especially for those just starting out.

Think about it: a first time home buyer given the choice to buy the same home for let's say half price responds with a hard no, happy to pay double - what does that tell you?

He's empathetic and smart; so, working on adding more toughness.

Now is the time to be cautious and even more thoughtful in your investment choices, but there are still plenty of compelling reasons to stay the course as a passive investor! 

My smart friends seem to think that basement dwellings being tested for radon is next on the horizon.

We were both pretty lucky and made some smart choices with what we had.

Doubt this is the final version as the "smart" people in the city understand Detroit is coming back and needs to keep welcoming investment instead of putting up roadbloacks:)As many STR landlords have learned in other cities and in oversatuarated areas, it's always good to have a backup plan!