I was going to type “don't take uncomfortable risks.”

Are you a hands-on type that can make improvements to a home or prefer to contract out work?

What type of properties are you looking to buy, SF, 2-4 MF, or 5+ MF?

There are 2 types of people who dog on Detroit.. 1.

Also, I wanted to convey that the type of investor I describe should on;y accept a quality tenant well above what’s typically considered acceptable in the industry.  

Caution with any company that has these types of SOPs  once they have your money its gone.

I just got back on to BP and boy have I missed these types of threads and insights.If you are non-accredited and sophisticated, find Sponsors you can talk to that you get to know. 

If you want higher growth then Cleveland and Dayton type markets with $100-150k prices may be better suited.I would encourage BRRRRs after your 1-2nd so you can recycle your money.

Sellers who are in financial distress or dealing with a property in poor condition might be more open to this type of arrangement if it helps them get back on their feet.The key to making this work is transparency and clear communication.

If you are trying to get a cash out refi, I would think the bank would want to see the correct type of insurance for the business you are running.