@Katie BustosMetro Detroit (my rental portfolio is here)Purchase: $80k-$130kRent: $1200-$1500ROI: Double DigitCash flow: couple hundred/monthAppreciation: Double digit (for past 10 years, will gladly send data)Location: C, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare and Auto industries.

You could exercise your due on sale provision at any time you wish.The payor needs to keep property taxes and HOA assessments (if applicable) current, and name you as loss payee on the hazard policy.

@Roseann Koefoed one other fun tip is that there are programs through the energy companies that will do free energy assessments for your buildings.

But regardless, you'll want somebody with at least a dozen deals under their belt.

I obviously don't want to worry about assessments or some crazy HOA clause. 

Lower leverage reduces returns, however in this market the risk/return profile of a lower leverage deal is much more attractive.I've syndicated over a dozen MF projects utilizing a floating bridge loan, however in this market we are only closing with fixed rate, lower leverage debt.

I've been presented with more than 2 dozen "deals" but none of them had enough meat to make something out of it. 

I own over a dozen of properties and I been managing them myself.

I've stayed in a dozen or more AirBnB rentals, all of them in major cities (Austin, Dallas, Riverside, LA, Denver, Nashville, Orlando, etc.).

Tax wise 6 of 1 half dozen of the other.