Double digit NET caps are to be had.

Double-check that your homeowner's insurance covers room rentals.

It's also seen some stellar price appreciation with the median price doubling in the last 5 years.I own 12-doors there myself and live in California.Travis, if you don’t mind me asking, what brought your attention to the Detroit area? 

Had to cancel my trip in the last minute as my wife is in a medical emergency. Its for two people (kids go free) and 4 nights. I have paid close to $4000. Price is negotiable.  

We bought an extra ticket and room for a guest and now they are not able to make it. It's the early bird pro member price with the additional night checking in Oct 5th and check out on Oct 9th. Room all to yourself. W...

(Most Likely Double Digits)Your blended rate will be extremely comparable.

Most areas that aren't A or B neighborhoods do not support new construction without some outside subsidy funding. just look at south side chicago were you can buy an exist 2 flat for what 100k that will need work so maybe 250k all in those properties even with the lot for free would cost double that to build today.. if not more..

Just in the last 5 years the median price has doubled in Detroit (see below chart).

If the property doubles in value over the next 10 years, the initial negative cash flow won't matter much.

If anyone recommend any investor-friendly Title Company who can do double closing in Long Island, NY please drop some comments thank you!