Detroit is not a market to play around in without a professional on your side.Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.

Brian Chesky (Co-Founder and CEO of Airbnb) said they have realized 5 major things to dominate this market. 1.

What factors influence your decision—profit margins, market demand, or investment strategy?

Step 1 - figure out your target asset class & then your target market. 

Hey @Trenton Pelloquin, we use QuickBooks Online exclusively for all of our REI Clients (including buy-and-hold Clients).

Still new here- I know I can find the cap rate by dividing the NOI by the market value but what's the most reliable way of finding the market value? 

Some sponsors are mitigating this risk by raising their own pref tranches from their own investor base, thereby giving them control over the terms.In a strong up market it’s likely that rent growth and strong demand will drive up income, thus driving up value, which supports the ability to take out the pref.  

I visited Fort Wayne this past weekend to research the neighborhoods and get a feel for the market.

You can charge rent at fair market value and then gift the rent back under the annual gift tax limit.

@Karolina PowellYou need to find the commercial brokers in your market and opt in to all their lists.