Detroit is literally a block by block city and if you are not here to see the property you need boots on the ground that you can rely on to assess any potential purchase.  

If it this stickily a rental there are 30Y DSCR loans available that allow you to refinance immediately after you purchase with cash BUT you are going to max out at 80% LTC.

Why do you think purchase contracts are so long and have such small print?

Where have you purchased and built on lots affordable for infill or spec homes in miami florida?

Purchase price 245K ARV 425K.

Refi's typically have a slightly higher interest rate than a new home purchase.  

Purchasing MHCs in neighboring states that have more business-friendly regulations could prove to be the key.And, of course, who can forget the good old cost-of-living and supply chain crises?

I would also like to take advantage of forced appreciation through rehabs to create equity with each purchase.

In exchange I was hoping this could be a learning opportunity to help pave the way and set me on the right track for when the time comes after high school to purchase my first investment property and start the snowball.

So I decided to hold off on purchasing more properties and focus on growing my construction company.