Come up with plans on how to deal with these risks if they come up.Connect with local real estate professionals, Airbnb hosts, property managers, and investors to gain insights from their experiences.

We are planning on doing 4 deals about this same size.

However, the good news is that there are other planning options available where you don't need a real estate license.

Getting into a property that has negative cash flow can seriously hurt, even if you've thought out a magnificent plan for it.

A friend of mine owns a duplex in Mayfair that he lived in the first floor and rented out the second floor.

Planning to buy another primary in a year or so!

I plan to contact Boydton tomorrow to inquire with them as well.

They say will pay for this past month, but plan to leave May 1st.

Trust me, I've toyed with the idea.Vacant land where it makes sense to build large MFH stock might make sense, but chances are this isn't the land we're talking about here.The reality is most vacant land in Detroit is being repurposed for parks, the Joe Luis Greenway, solar farms, neighborhood gardens, etc.Beyond that, let's say you plan to hold long enough for SFH prices to get high enough where it does make sense to build. 

Start a self-directed 401k retirement plan and max it out if you can.