You have the skillset and business to save on value add for flips and the BRRRR strategy so you can pay more than investors who need to find a contractor.

Calculating the cash flow for both properties:Property A: $1,800 x 12 - $2,000 - $1,500 - $250 x 12 = $15,100/YrProperty B: $1,600 x 12 - $800 - $600 - $35 x 12 = $17,380Property B is the better property once operating costs are included.SummaryBecause the rent price ratio does not include recurring costs, it almost always provides invalid results.

You should be able to find one that can explain exactly how they will fix this, how long it will take, and what it will cost you.

They love Columbus for its strong appreciation and cash flow.

Should I look at these properties as if I were the buyer?

It's highly unlikely that you'll find something like this, and if you do, the max loan is likely to be no more than the value of the land minus any demo costs.

Now you need to focus on finding properties with spread.

In the city of Detroit income tax is very cheap and a cash cow for investors who find a good property.

As a Stessa Pro member, I rely heavily on its features to manage my properties, and while sending over the tax package reports works well (since the Income Statement and Balance Sheet are standard for most accountants), my bigger challenge has been finding a real estate-savvy CPA who doesn’t charge more than my annual cash flow for their services!

Can't find many reviews for them online, and would love you hear your testimonial if you have one!