You will also need to vet out contractors in the area to ensure you that they can stay on top of your project and will do what they say.

We're not aware of anyone that's made a purchase from them work in over 3 years:(Most of the incentives in Detroit are targeted to owners that will live in their home or developers targeting large projects.

And I have only GC ,d one project one couple mil spec home everything else I hire a GC.. who is really a site super..

As agents, what are your current and projected concerns in the market place?

Can you DIY projects and cost cuts? 

Use AirDNA to get a better feel for what may be projected and then dive into Airbnb and compare to your competitors. 

And the cracks mostly follow the drywall seams from what I can see, which is typical....And as @Patricia Steiner said, it doesn't look like a pro installation....You could ask the Contr to use a flexible compound if this happens again, or maybe even now...https://www.dap.com/products-projects/product-categories/pat...Like everyone else said, I'd have it repaired - by a licensed Drywall Contr. - and then just check in on it.

I'm looking to purchase my first rental property and have been searching for a deal that would generate positive cash flow based on my projections.

Hey @Brad Roche - We do a significant amount of renovation loans (both Fannie May & FHA) here in Chicago and prefer the Homestyle loan only because it's less stringent on the borrow about what they have to repair, and they provide the general contractor a material draw at closing which helps the project start on the right foot.I thought the minimum down payment was 5%.

Confirms my thought process as a Renovation Project Manager- turning Investor.