It gives a good picture of the market and trends but it’s hyper localized in this MSA market.

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

Once the municipal/state requirements are all set, do a thorough screening for any prospective tenants, have a solid lease ready to go, and take move-in pictures to have on record for any security deposit deductions after they move out.

Purchase price: $71,000 Cash invested: $19,000 owner occupy double

In Residential, just picture that in general most everyone is a vulnerable person, in eyes of law.

Ensure they send pictures and reports so you can monitor progress.4.Hire Trusted Contractors: Work only with contractors who come highly recommended by people you trust.

Always ask for references and examples of similar projects (pictures)The Red Flags you have to Avoid:Lowball bids (too good to be true often is).Poor communication or delays in responding.Hesitation to provide references or sign a detailed contract.Cash-only deals or pushy behavior to secure the job.

As your base level of knowledge grows, you will start to develop a clearer picture on the things you want to do, and where you skill sets lie, which can narrow down who you may want for partner.  

I probably wouldn't trust many of them and I'm still double checking what those who trust tell me.b.

Some potential clients like to have a clearer picture of the property before booking a visit.