Purchase price: $645,000 Cash invested: $60,000 Two Unit property with lots of living space3000 sqftOne parking spotBrand new kitchen addedW/D in both unitsGood for Long term / Mid Term / Short Term What made you interested in investing in this type of deal?

If you decide to go the Airbnb route in either city, be sure to check local regulations around short-term rentals to avoid any surprises.

First - You should be investing to make money and a return.

You run a background check and verify application and you make them both liable for all rent. 

Ideally, you'd want to have signed leases from each tenant, but the strategy part of it is that you also wanna make sure that you don't run people away while you are either increasing rent or preparing any units that are currently vacant.I would probably take a step-by-step approach.

The City of Detroit itself offers a structured appeal process through the Office of the Assessor, with an Assessors Review period running from February 1 to February 22, 2025, where you can submit appeals online, in person at 2 Woodward Avenue, Suite 130, or by mail.

Feel free to dm if you want me to run a specific HELOC scenario. 

I'd say three months on the short end to six months on the long end.Oh!

My biggest piece of advice is to run it like a business especially with the tenant next door.

Unless you are getting a heck of a deal I would recommend avoiding a foundation issue property until you have a team of contractors that you can count on and can find out what the repairs would run.