The property, located in a desirable rental pocket, boasted three bedrooms, one and a half bathrooms, and functional central heating and air conditioning systems.Our financing arrangement spanned 30 years, resulting in a monthly payment of $990.58 covering principal, interes What made you interested in investing in this type of deal?

Consider elements together with way of life choices, location and marketplace analysis, property condition and protection desires, property control, and legal and regulatory concerns.

In the mergers and acquisitions world, they call it "deal heat!"

You can't go all out and spend for the best of everything day 1, but you need some signature pieces or elements of design that stick out.

I’m working to eliminate those in most of my buildings through the Installation of propane heating systems.

I am interested in what happened after that… I just saw a very nice-looking house with all the heating and electrical and plumbing torn out, and am tempted to bid… I would LOVE to find a construction partner in Detroit with a proven record of rehabilitating these lovely old homes, and save them.

NH only really cares about tenants with no heat during the winter.

As far as a safety issue - pack heat and be trained and proficient in using it.

@Nathan Gesner 1) if you’re investing with a spouse make sure both are on board for self management or it will harm the relationship. 2) it’s a business, not a charity, so if you’re susceptible to hard luck stories from applicants/tenants, don’t self manage. 3) water heaters, heat and a/c, plumbing only seems to break down when you’re finally on vacation, so have good contractors in place who will go on your call and let you pay them from out of town.

Others come in here asking basic comments they can google; or have some desire for people to walk them through a perceived get rich element they feel will easily make them a wealthy in a few easy months.