@Adedotun Kembi Most lenders will only lend a total of 65-75% on a rental and at much higher interest rates due to the higher risk.

This cuts out a big portion of the potential buyer pool.  

Detroit offers solid cash flow potential, a relatively low barrier to entry, and the market fundamentals are improving with a growing population and significant investments in the city.Since you’re based in upstate NY, Detroit is also a quick and easy flight, making it easier to visit and get a feel for the market if you’re considering out-of-state investing.

That means creating a clear budget, forecasting cash flow, and maintaining a detailed financial model that tracks both the current and future performance of your portfolio.Tax Optimization & Risk ManagementBeyond financial clarity, strategic tax planning and risk management are essential to safeguard and grow your real estate investments.

Here’s the difference:A 5-Star Review Validates It reassures potential guests that your listing is as advertised—which is great, but also expected.

By potentially reducing your property’s taxable value by up to 25%, it can lead to significant savings on your annual property tax bill.

If 4 Dewey and 597 Beavertail had extra land, deep-water docks, or other luxury amenities, those factors could slightly inflate their value compared to your build.Since you’re wholesaling, the key will be making sure your buyer sees the same potential.

The potential issues can be a large list depending on the jurisdiction.Good luck

Plans for what you're building will be key - it's too vague and open right now for someone to advise you on potential cost. 

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!