I purchased a new build and an older home 3 years ago. 

Depends on where you invest in the City of Detroit.Zip codes are hard to use to identify where to invest.Block-by-block is the best way, but almost impossible for OOS investors.That's why we use city Neighborhoods!

And when did your building permit get approved?

Hi ALL,Just reaching out to see if you can give me some insights on Charlotte Michigan, Small City close to Lansing MI (21 Mil), I'm researching a Multifamily building, My concern is that there is 9,000 plus population only, I see articles that show is a good rental market, but it will be grate if anyone that knows the area can have some feedback as far is Schools, Crime rate, Economy and so on.As always, thank you guys, have a great day!!!!

Nice area though and properties probably will hold their value as long as kids go to school in person at a building/campus. 

Additionally, the management of a bigger property does not linearly grow -- what I mean is that a 12-unit building doesn't require four times the management of a 4-unit building. 

If you go to Cleveland give The Ultimate Guide to Grading Cleveland Neighborhoods a read first.

Besides the fund management fee, do you build in a percent of the deal? 

My business partner and I are in the process of ending a very successful 10+ year partnership in which we managed to build a portfolio of 50+ units through the BRRR method. 

I'm wanting to find a way to help out a friend in our neighborhood with his situation.