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.Here’s our OPINION for the Metro Detroit market (always verify each area for yourself!)

Also, read below and save yourself some potential headaches:)Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.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.Here’s our OPINION for the Metro Detroit market (use as a template to figure out Grand Rapids area!)

This could include recent property tax assessments, insurance quotes or invoices, or any other relevant financial information.Another option is to contact a real estate attorney or financial advisor to review the escrow analysis and provide guidance on potential next steps.

I will say though if you have the ability financially to do multiple deals a year the 15k could be worth it just to get in with the right contractor. but keep in mind if they are selling this to the masses in a few markets there is going to be a real issue with saturation and not enough folks to actually work on the houses. it takes a special kind of contractor that will do reno's in these markets at a budget that is going to allow you a profit..

I personally have a very hard time to the pushy sales tactic at the end of the day it’s someone biggest financial purchase and not my money.

I sent a property owner his financial report and I included my payout from airbnb in his numbers, mainly for him to see that we're not cheating him and he's getting his monies worth. 

There is still 5 months to go but I want them to leave in spring (April) so I can put my place for sale.Questions-1) Willing to offer a financial incentive for them to leave. 

You do lose the option to house hack but you can find deals that make sense for you financially. 

Liability (for what they do to your properties and to other properties and individuals)2.

This will put FURTHER pressure on the owners who paid way too much.So...if you are NOT in a good financial position with your rental - if you are relying on it for INCOME and things have gone sideways, GET OUT THIS SPRING OR EARLY SUMMER.