Real estate loans to owner occupied properties where the business of the owner is closed down - or SHOULD be, and the owner needs some time to sell the property.  

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

I normally pick and choose the events I go to based on what will be discussed. 

Also, the insurance was a lot less on a brand new home compared to an older one. 

Hey Nicholas, thank you so much for the advice, I will give a check on that option. 

@Lawrence Mitchell,Welcome to the BP community. 

It is difficult to schedule a time for the Potential tenant and the current tenant and often is after hours.

My initial plan had been to do something like Rent-to-Retirement or REI Nation- assuming that I'd be leaving money on the table to pay for their expertise, but hoping that I would learn through the process and develop the confidence to strike out on my own later. 

For example, if you invested $150,000 in a duplex and were able to improve it through renovations, attract higher rents, and increase occupancy rates, the value could appreciate more efficiently compared to a single-family home that doesn’t enjoy those rental income advantages.In essence, the key difference lies in how multifamily properties can appreciate not only through market forces but also through operational improvements.

@Bennie Smith we've got a map at our website that we spent quite a bit on, to help investors understand what Detroit Neighborhoods they may want to invest in.DM us to discuss more as Moderators may delete this thread if we cover too much here.