Far lower than most other large markets.The Downtown occupancy rate is listed as more than 99%.Metro Detroit has problems, Yes But it also has SFH that would sell for $10,000,000.00 in today's down market.Metro Detroit and the city itself is very diverse and encompasses war zones AND luxury markets. 

Doing the math on the property with a traditional 20% loan it looks something like this Purchase Price (Max Offer Price) $90,000 Percent Down 20% Down Payment Amount $18,000 Amount Financed $72,000 Interest Rate 4.85%  Closing Cost $3,150.00  Costs of Repairs (Make Ready) $7,000  30  Mortgage Payment $379.94   Rental Income Monthly Annual Unit A $1,050.00  Vacancy Rate 5%  Net Rental Income $997.50  Expenses Monthly Annual Property Management Fees $105.00 $- Leasing Costs $50.00 $  Maintenance Reserve $60.00 $ Utilities $12.00 $-  PropertyTaxes $45.83  $ Insurance $80.00  Total Expenses $352.83  Net Operating Income $644.67 Net Cash Flow $264.73 HELP PLEASE, this looks like one of those properties I would be fool to let pass by.

I'm hoping to utilize one of the current agents who does property management to see if any of those clients want to expand their portfolios. 

The house is in good condition but there was a utility disconnect tag on the front door.  

I want to get to the point where I can start selling high-end and luxury properties in the next 5 years.

Hi, I've heard a few times from Brian Gibbons about utilizing seller concessions over rent credits.

They will run Lexis Nexus searches on you to see where your car is registered, what address your utilities are on in, where your mail goes, ect.  

If you can only get 149k and have to pay 6% commission, you are down to 22k remaining to pay finance costs, closing, utilities, taxes, insurance and your profit.

If you don't utilize yellow letters, are you mailing 6k letters/month yourself??

All utilities are paid by the tenants.