I've primarily worked with investors in this industry in off market acquisitions, now I'm ready to start the journey of becoming one myself:) Cheers to evolving as an investor.

The market rents on other hand are $1150 as is (this per the appraisal).

I found this deal through diligent market research and networking within the local real estate community.

For example, if someone suggests Short-Term Rentals (STR) or Mid-Term Rentals (MTR), I can manage them personally since I have the time.I'm open to various strategies, including single-family homes, multi-family properties, or niche markets, as long as they fit the above criteria.What types of properties or markets have you found to offer the best cashflow and ROI?

Being in this circle was fun as I was privy to some off-market bottles.

Unless the last tenant was paying 20% over market rent or the market you’re in is falling apart (if so, SELL!) 

How about marketing the property ?

That right there will set someone apart in the Detroit market, sadly.I can't speak to his PM business from a firsthand perspective as I've never had him manage any of my properties (I still self-manage). 

@Derek Tuohy If you inherit the property as the sole owner, you'll receive a step-up in basis to the property's market value at the time of your mom's death, which would minimize capital gains taxes if you decide to sell.

Not going to lie, Dan really got me rethinking this plan...Currently researching multi-families in other markets now.