I can imagine if you want to purchase something, there's thousands of other areas to choose from where you wouldn't be losing so much money.

Purchase price: $175,000 Cash invested: $43,000 3 Bed 2.1 bath 10,000 SQFT lot Cul-de-sacCharming home completely remodeled.

lol. time to go to bed.

I would suggest building your CORE 4 which consists of a great realtor, contractor, property manager, and attorney after you choose where to invest in.

With interest rates climbing gradually and the "potential" for a recession, the need for housing is still at an all-time high and people are choosing apartments for several reasons.

I have 2 large cabins (2,000 and 2,500 sq ft) I'm holding and another 2 bed 1,500 sq ft cabin just about done and another two that are under construction for holds.

I rented a 4-bed house in Royal Oak, then got 3 roommates that I charged each 30% of the rent, so they covered most of my  rent.You can do the same if you buy a house:1) More rooms the better, if renting to fellow college students.2) Can YOU live in the basement?

They recommend owners to refinance it as a normal house (4 bed 2 bath).

What happens to your value if you close, choose not to get it permitted, and then the city says you can't do it and you lose the income?

If you just chase returns, you might choose the house in Detroit, vs what long term might be better investment in Taylor.