There is the possibility that the property could go to foreclosure without you knowing it.Lets say it does go to foreclosure and you thought you still had equity coverage but realize it sells out auction for $1,000 above the first lender.

There are parts of every major city that will just never come up and this seems to be one of the most obvious in Philly.

I did a HELOC on my primary property to buy this one, which I rent and the cash flow is good.

In the next few months, I'm looking to get a standard CA NAA lease with RUBS included for billing the water and sewer, as well as requiring tenants to have their own renters insurance, as that is not something they are currently required. 

With this in mind, I wonder if it is the best investment. 

However, I’ve often felt alone in this journey—especially when making big moves—and that’s what brought me to this incredible forum.

I'm currently based in California FWIW.Detroit has a lot going for it: affordable properties, a solid rent-to-price ratio, and a ton of neighborhoods with strong rental demand.

I am excited to learn everything I can from this great community.

-> Quarterly Webinars for syndications-> Pictures to lenders showing progress-> Calls with lenders sharing our updates2) Conservative underwriting is key. 

If go buy a property for STR, can I then unlock all the PALs from previous years for my LTRs?