Financed by securing debt on a different asset in our portfolio where we could get the best terms given the rising rate environment.

This would mean your class of tenant causes more damage than expected, or hail destroys your roof *every 5 years* or something similar.

What Class is the area and the property?

More importantly, we have the 183+ Detroit Neighborhoods mapped out and 104 of them identified a Class A, B, C or D.DM us if you'd like to discuss more...

Here are some examples- 3/2 in class a rents for $6k in my market.  3/2 in class c- rents for as low as $2.5k.  

A person could be 1 week out of prison for murder and no, your not in the clear to discriminate against them as a potential buyer for an open market home sale.There is a lot of history with various discrimination in access to housing to various persons of assorted minority classes, not just on race but a whole assortment and in this day n age there is no shortage of attorneys and advocacy groups happy to sue.

D class area I wouldn't personally.

Are you in the process of taking the licensing class now?

Some sellers may not care and those that are in protected class's IE non english or simply not educated might still get taken advantage of..

In todays environment with higher interest rates there are less buyers in the market than a few years ago so waiting several years until rates drop to a more palatable range could lead to much higher returns.