One property we bought had four major roof leaks and blue tarps and cinder blocks on the roof. 

Because Detroit is actually Block-By-Block in many areas, we also take videos for our clients before they buy.Let us know how we can help you invest for success in Detroit...

I do think everyone has a different experience, but that's often colored by how much they are invested.

Having an experienced agent on your team before the rehab i think is very important because it is during the rehab when they can help add the most value by pointing you in the direction of what adds value to the sale, what finishes to choose and what to avoid, even what color paints are a good choice, insuring that your target sales price is not just realistic, but that it can actually appraise for that amount. 

If you put it out there asking for a 3-5 year lease with a small business or startup in your mind, but H&R Block or Supercuts comes along asking for a 10 year NNN (& it's corporate) and agrees to the rent amount you requested, there's no reason not to entertain that, you got better than what you were expecting (there's a reason NNN properties, or ones with a few NNN tenants sprinkled in that are national chains, often sell for lower cap rates), it's not like taxes or hair cuts are going obsolete any time soon. 

@Andrew Postell I too am having brain blocks to this post and am really looking to understand.

When my accountant was with H&R Block they functioned this way and even though he could prepare my return in about 1.25 hours it would cost me $1800 because of the number of inputs I had specifically from my 7 properties.

It seems like a great draw for people especially if you are a few blocks from the beach.

Hi, I am actively looking and putting offers for my first rental property, I just saw a townhome that I like from the 70's that needs some rehab, and a few blocks from it there is new development offering same type of units (a bit bigger) 10% more expensive with delivery lead times of 6 months.

Sometimes my comments get blocked if I actually include a link or URL.