It’s a market that’s been growing steadily, and I’ve learned quite a bit about the pros and cons of investing in new builds versus existing properties.

.$100k is enough to do BRRRR's in the Detroit market.

It was a seller direct off market.

However, but is it market to enter into an agreement with a property manager on just a lease transaction?

It involves identifying potential risks that could impact the sponsor's performance, such as market, operational, and financial risks.

>Understand the cost/value of completing an ADU projectIn my market ADU additions in single family zoned areas are getting valuations far below the hands off cost of the ADU addition.  

Louis as a market of interest.

Hello Ilya,Where are you looking at purchasing your 1st property.When converting a property from a single family to a multi family, you will need to check on the zoning requirements, depending on your location, not every location has zoning.As far as lending goes, it is far easier to finance a single family up to a quadplex, than financing 5 plus units, the DSCR Market for 5+ units is extremely low right now, and there are few if any lenders in that space.For financing 1-4 units, there are Millions of dollars chasing those loans, so you can easily obtain long term financing, at rates between 5-7%.Please reach out if you have a property identified, and I can help you with financing options.

Should I just go back to getting the property rented out completely and then market it for sale?

Hi, wanted to get opinions on monthly spend for marketing/leads… thinking about hiring a company who provides warm leads, but wanted to get an idea of what realistic monthly spend is for it.Thanks!