Feel free to reach out if you have any questions about certain neighborhoods, finding off-market deals, or networking with other professionals in this space.

I have experience with both and can definitely say that cashflow is nice in the beginning because it gives you freedom, but appreciation is what makes you wealthy.

@Ray HageI agree as I would stay away from condos as between special assessments and increase of fees, what is the risk vs reward.Many of these buildings are run by people who are not property managers or have development experience and lack the knowledge to properly run the propertyAlso many don’t realize that on older buildings your initial estimate will be 30-50% less once the work starts, especially on older concrete buildings that are susceptible to deterioration due to the weather in these areas (especially the salt)

Unless you have extensive time and experience managing Section 8 rentals, it is not advisable to self-manage them.Did they send you pictures of the holes in the floor?

I’d love to connect and hear about your experiences with SFHs in this area.

I have a lot of experience in building one.

If you would ever like to chat about investment strategies, or market in Michigan feel free to reach out.

It has been my experience that problem children will present themselves in the screening process if properly screened.

What's your experience been with this?

Because as you stated if you hadn’t done the refinance you would have had to put down the entire $660k so it looks like you’re trying to pull cash out tax free.