Then you can run your numbers, check insurance, cap ex, special assessments, and get inspections.

Sometimes I get on the phone with people and they tell me they factor: 10% vacancy, 10% maintenance, 10% cap ex, 10% management.

The median price is still just $90k and I wouldn't be surprised to see it double again pretty quickly.The other nice thing about Michigan is property taxes are capped at the rate of inflation with a max annual increase of 5% per year.The biggest drawback of Detroit is tenant quality IMO.

I am using 5% for repairs, 10% for cap ex, 10% for vacancy, and 10% for property management.  

Most DSCR lenders are capped at 75% LTV to manage risk and ensure they’re not overleveraging loans, which is especially important in today's market.

Some may state they are 3-5 yr holds, but then take on floating rate debt with a 3 yr cap on the interest rate.  

If you don't have enough to buy with cash and will get a mortgage, I would focus on finding a good-value home with a solid CAP rate and Cash-on-Cash return that will appreciate and fit the most common rental size house in your area. 

I have been working as a Mercedes-Benz Technician for over a decade now and I feel my earning potential has capped, especially with how the industry has changed for technicians over the years.

However, the Renters' Rights and Stabilization Act of 2024 now caps security deposits in Maryland at one month's rent in most cases, limiting landlords' ability to require higher deposits for higher-risk tenants​.

I would start by understanding Cash-on-Cash Return and CAP rates.