One unique thing about Detroit compared to other large municipalities is that Michigan's municipal funding system is completely whacked.

But this is a 2000 sqft house built in 40's probably, and comparable analysis shows that this is a fair price.Which price is the fair price?

Make sure you have 6-9 months of reserve to live and then make the leap as doing something for an hour or 2 doesn't even compare to dedicating a full day to doing it.

All the best to you and maybe we'll connect sometime to compare notes since we'll be working in the same market and at similar levels in our REI careers.

After that set back, it's really rewarding to have been able to add another rental, and get back in the game instead of just talking about it.I'm sure I'm going to be learning lots this go around, especially with it being our first rehab.

The ones on the higher end of the price scale (over $2/sqft) are comparable to mine in terms of renovation.

Writing a loan on a SFR compared to an Apartment Complex compared to Mixed Use is not all the same.

Would love some one to compare notes with.

Even what I'm doing - explaining how it works - is abstract compared to actually letting them do it.

BTW, how do you like Texas compared to California?