Call one of your architects to do the research for you, noone in BP will have all your answers, they are too specific, your architect and the building department will know the answer to those questions. your firm should be able to get quotes from builders mentioned on your profile.

Than, when an organization devises how-to and does it via pooled funds to operate at slimmer margins so they DO add rental inventory, next everybody howling gotta shut em down because now they can't buy homes at price they want......... 

One of our firm's areas of focus here in Detroit is scalability and repeatability for our clients. 

I found someone that I think would be a good fit because he is firm, trustworthy and he is able to work manually quite well.

one does not have to risk EM and or big deposit until they get to do a HOme insprection and CO has been issued.. is that correct..

We are firmly in a seller’s market.The rental inventory had a similarly rapid decline in Q1 and has remained below one month in Q2.The stubbornly low inventory for both sales and rentals can only mean one thing—rising prices and rents.Interest Rates in 2024The interest rate dipped by about 0.5% starting in mid-December 2023 and January, which triggered an unseasonal price rise for both months (See Q1 2024 Las Vegas Market Update).

Can anyone recommend an architecture firm familiar with Detroit's review process, particularly one that can handle a zoning review?

To thrive in real estate investing, you must maintain a firm grip on your finances.

You have two choices:  You can appeal them yourself or hire a law firm. 

It helps determine if the project will meet the desired profit margins.CoC (Cash on Cash Return): I find this particularly important for fix-and-flip projects, as it measures the actual cash return on the cash you’ve invested, giving a clear picture of short-term profitability.Cap Rate (Capitalization Rate): While more commonly used for rental properties, it’s useful in understanding the potential income from a property relative to its price.IRR (Internal Rate of Return): This is a great metric for longer-term projects or those with varying cash flows, as it takes into account the time value of money.Some investors might overlook metrics like AAR (Average Annual Return) or EM (Equity Multiple) if they’re not as relevant to their specific strategy.