The risk of problems is extremely low, even in larger markets.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

Quote from @Samantha Derman: Hi all, looking for advice before I pull the trigger on a HELOC on my own home.

I once paid a $53,000 assignment fee; I can say, it was extremely upset when I got to the closing table, but even with that $53,000 assignment fee, I will still buying at at .40 on the dollar.

Talk is cheap.So my last purchase (Dec 2031) was the extreme negative cash flow.  

In that area you're looking at average rents in the $1,200 - $1,300/mo range unless this house is extremely nice.

Looking for some advice/guidance on whether or not to pull the trigger on a prospective duplex.

I haven't pulled the trigger to put an offer on it yet. 

In that case, you can take out cash through a loan without triggering a taxable event, even if you use that cash as a down payment on another multifamily property.

Constructing new homes and selling them is extremely difficult and challenging.