I plan to use a project manager but would love to hear your thoughts.Finding a reliable and trustworthy property management company feels like a big hurdle.

This is typically for most people not a DIY project. 

There is a catch - the couple wants to 1031 the funds into their sons next larger project which is TBD.

I have some DSCR lenders that will lend based on AirDNA projections.  

Real revenue has not lived up to projections.

Fine-tuning your savings, building a reserve fund, and running detailed ROI projections will help solidify your plan for long-term success.Good luck!

Neighborhood revitalization projects, major corporate investments, and an influx of small businesses were all happening at a pace that made it clear the city is on an upward trajectory.From an investor’s perspective, Detroit offers a unique combination of affordability and opportunity.

I'm an experienced project manager with hundreds of cradle-to-grave efforts under my belt, including building project scopes and budgets, evaluating contract proposals, and managing construction to maintain the delivery of high quality products on-time and in budget.Penny is a licensed clinical social worker (LCSW), serving the community mental health needs of parents, children and families.We both recognize we have an immense opportunity to serve our community and want to capitalize on the blessings we have been provided so that we can continue serving our neighbors.My wife, Penny, and I are looking to transition into commercial multi-family real estate in 2025.

Only if it looks well off from otherwise projections would I worry something like hotel listings might be throwing it off

Large construction projects.  2.