Thanks allI think this ultimately comes down to the following: Will your return on investment be better with a new purchase than your current return on equity for that $200K?

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

Hi Omar, glad to have you as a part of this awesome community!

This is a very common agreement, in your space your problem and they also should have insurance that if its extensive insurance would cover it. 

The reason someone would not do this is why would someone want to lose $900,000? 

Thank you both so much for this information!

This has helped me in the past when a unit has been damaged and/or small items are misplaced like silverware, pots/pans, etc.

This is assuming you passed the 750 hour rule and the 50% rule to qualify as a REPS

Suffolk, VA has a 4% population growth for the past 3 years What made you interested in investing in this type of deal?

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