Quote from @Chris Seveney: For those experienced in private lending: This question was posed to me in my membership group from an investor:What strategies have been most effective for scaling your loan volume to $5M+ per month?

The RTR team wanted us to invest in real estate and most importantly to see us be successful long term.

Greetings BP community, I recently joined a national senior care living development team.

Appreciate any advice or insights from experienced landlords or investors!

Strong rental demand: With major employers like the Cleveland Clinic and University Hospitals, along with a growing arts and culture scene, Cleveland attracts a steady stream of renters.Revitalization efforts: Many areas of Cleveland are experiencing significant revitalization, which can lead to increased property values and appreciation potential.I can't comment on the Detroit market specifically, I have never been and have never done any research on it!

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

Buying an out of state rental property from a realtor, wholesaler or off facebook or zillow etc as opposed to from an operation or turnkey provider who has an active, substancial, and effective boots on the ground team or teams to support you after you close on the sale. 

You should be going to real estate investor meetups to meet other, more experienced investors, instead of looking at markets farther away before you really know what you are doing.

BiggerPockets is great for that, and you can also build relationships with local teams in your target markets.Good luck!

I have been experiencing what you're talking about.