@Nic Stergion - not sure about your specific streets, but I can tell you I just sold one of my rentals located on S.

I’m looking to move from SFR investing into multifamily, specifically commercial multi family in central Florida.

I specifically like Detroit and own 12-doors there myself.If you can take on some negative cash flow or if you aren't looking to go max leverage on it, I'd recommend staying as close to home as possible.

If you have specific questions or need further guidance, feel free to ask.

What we are requesting from you is pretty standard stuff in the industry.1.

If there is no active lease agreement, and again depending on state regulations, send them a notice to vacate.I do not ever permit smoking in my rentals, it is one of the most costly and time consuming tenant habit to mitigate.Feel free to connect - hope all goes well!

Additionally, for rate-term refinances, many DSCR lenders have no seasoning requirements at all.Easier qualification: DSCR lenders have much lighter qualification requirements than conventional or portfolio lenders, such as no DTI, income verification, or tax return hurdles that can slow down or disqualify loansFlexibility: While conventional and bank lenders are heavily regulated and follow standardized rules, DSCR lenders have much more flexibility and control over their guidelines.

I've been in the industry since 2003, managing corporate rentals and investing myself.

This should be the very first document you prepare.Lender Instructions to direct escrow and title with your lender's specific instructions, including loan position, various insurance requirements, dealing with certain liens, and a pile of others.Lenders Title Insurance policy with proper endorsements.Fire and liability insurance policy (NOT a homeowner's policy)AppraisalI could go onAs I said, this is not a DIY job.

Feel free to reach out if you want more specific advice.Good luck and get educated!