Jonathan Having worked most of those markets (Detroit included), I'd say most all of them will offer investors a very similar return.

Quote from @Bobby Larsen: Interested to see if this moved forward, I've considered something similar in San Diego.

You can be sure they will continue to negotiate for, strategize and advise themselves.If the laws are similar where you are, you should consider if you want someone doing those things for you, and whether you are comfortable going toe-to-toe alone with a licensed professional on a $1.25 million purchase.

.: Any idea how far south the potential for Santa Ana or similar winds goes?  

I'd bring island out a little more. my advice is make sure all rooms are 110 sq ft minimum. some of these look super small. we build a very similar one in our market.

I also have a clause in my lease that states what will happen if proof of insurance is not provided - which is similar to what Bill indicated above.

Similarly, if you put several Class D tenants in a Class A 4-plex, what do you think will happen to the property?

Im literally closing a loan on Monday where my borrower had a similar situation - the borrower's ex-wife was awarded the property and assigned the debt in the divorce in 2020.

I work in similar facilities and there is a lot of wear and tear on the property.

These people have a them vs us view of the world very similar to the cult believers.