On a more enterprise scale, I employ RevMax software as well as a fractional revenue manager who looks at the prices daily on a market level and a comp set level. 

There is a certain entitlement mentality and a long-term frustration mindset where they often times will mention repairs previous owners "promised" to make, etc. 

If for no other reason, it seems that I’d have a much better understanding of pricing our rental in general and a good baseline to make decisions in the future. 

Great investment, a lot of learning, and a good ROI Lessons learned?

Your story resonates with me and my partners, as we too ventured into Detroit's real estate market, albeit on a larger scale, and have faced some significant challenges.In the early days of COVID-19, my partners and I invested in land in Detroit's vibrant Corktown neighborhood with the intention of building 42 townhouses and a 72-unit rental building.

The city's economy is supported by manufacturing, finance, and a growing tech sector, attracting a steady stream of renters.

As you embark on this adventure, it's important to equip yourself with knowledge and a solid strategy.

As someone who’s both a real estate investor and a property manager in RI, I know how important it is to stay ahead of the curve.

You have to find a zip code that has a prevalence of multifamily and a pathway to build multifamily.

I've seen some as low as 6k and as much as 14k annually.