new houses are getting sold for 600K, old houses switched to multiple offer selling model, just like some places in GTA.

Hi @Jaycee GreeneThe renno is expected to take 6 months - 12 months (we have a very good team in place).

You’ve come to the right place to connect with some very smart investors.

I’m also based in California and invest in Detroit, where prices are far more reasonable, and there are still strong cash flow opportunities.Detroit has a solid rent-to-price ratio, improving economic fundamentals, and plenty of value-add potential if you have the right team in place.

We're looking at a rather large loan and I feel like we could go down a different road if this place is not legit.Thanks. 

Hey Shaylynn, Sounds like you have a solid strategy in place, and I love the ‘small but mighty’ approach inspired by Chad Carson!

This is a great place to learn and to connect with people so take advantage of all the great resources.

Depends on the town’s rules, though, so check that first.Renovation Loophole: Some places let you raise rents or get out of rent control if you do big renovations.

Let them know that they may wish to look for another place if that is going to be an issue.

That 4% cap rate on in place financials is a lie.