Getting your first rehab project will require you to create a SOW, talk to contractors, compare and review bid proposals, review budgets, & make countless trips to Home Depot.​You will inevitably make mistakes and underestimate things, but you will learn 90% of what you know by just doing your first rehab!

There was a mistake on title made for my first closing that was not caught until we switched to a larger title company/better title company when we sold.

It also has terrible reviews on Yelp— all the worst “gross”, “never again” comments.

I know what I need to do…Made the mistake of getting emotions involved and building our dream home literally with own hands!  

At worst, it’s wrong.

Prices could soften over the winter and worst comes to worse you can just find another $1,600 rental for the time being somewhere else until you're ready.

Worst case scenario is it would trigger the due on sale clause so you would need to pay off the mortgage in 30 days. 

The first house I bought is probably the worst but is it 20% but it was one that I had to buy just to jump in and get started. .

They said we all learn from our own mistake which I believe it's true.

Metro Detroit offers many options for meeting the 1% Rule and relatively high ROI.The two most common mistakes we see investors make, over & over again, are:1) Not understanding and running their own ROI numbers2) Not having a clear understanding of the type of asset a property isIn our opinion, your best team member should be your Property Management Company (PMC).