I have never done a fix & flip.

Plot 1: 2024 market value of $6,900. 45x120Plot 2: 2024 market value of $3,800. 100x94I'm still pretty new to the game, so I have no experience with land deals, ground up construction, zoning, things of that nature, and am wondering what the best play is.Sell one to help with acquisition costs and build an ADU on the other?

You are still going to have holding costs and a heloc will just have less holding costs that you would if you were doing a personal line or hard money. 

Important that you follow the necessary steps, deliver 5 day notice etc. 

I have no experience with real estate investing. 

So to have the revenues to hire a GM, your gonna have to scale.

@Mattin Hosh first, most cities in Metro Detroit have some type of rental property inspection every 2-3 years.It's not really a big deal 99% of the time - especially for owners who are NOT slumlords:)Also, a quick Google search will show that several states/cities are passing/considering similar legislation.One of the biggest mistakes we see newer investors making is NOT properly understanding Neighborhood/Property/Tenant Classes and naively assuming that any rental they buy will deliver Class A results.Read our copy & paste thoughts below and DM us if you'd like to dicuss more about the Detroit market:)-------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

It makes me wonder why they have to open a user on every forum to publicly clear their name, yet there isn't one real user that can show something they have really done. smells fishy at best.

I have an opportunity to purchase an investment property that is NOT ON THE MARKET yet.

Offering discounts and opening up your calendar are great steps.