That juice may not be worth the squeeze for most.As a result, the majority of investors are looking at BRRRR's for long term buy and holds in Detroit.Happy to talk through the nuances or send you some Detroit specific resources.

That wasn't surprising since the country's credit rating is B-, deep into junk territory.After writing that reply, I decided to forever hold my peace on the topic in this forum (so you're making me make an exception ;-)).

So, they find something in nice shape that will hold its value a while until they are ready to make their next move.

Getting a hold of that document would be important for understanding your rights, and 1sts generally prefer to be bought out rather than going to foreclosure. 

I'd have to double the security deposit, raise the rent by 20%, and double the cleaning fee to even make it worth considering-- which I would if people were willing to pay but the market doesn't support those prices.

Investment Info:Mobile home buy & hold investment.

Investment Info:Single-family residence buy & hold investment in Farmingdale.

Mortgage Loan Originator Career: Essential QuestionsCompany Culture & Support: What kind of work environment thrives on growth? 

The local economy is supported by several diverse sectors including healthcare, manufacturing, and retail, which sustains employment levels and underpins rental demand.

If you liquidate your dad's home, the Big Enemy to pulling out all of his ~$100K in equity will be frictional costs (agent's commission, buyer negotiation, holding costs, etc.).