If you have the hustle, you can get better cash flow using alternate rent models, but they require more effort to do well than managing rent ready LTRs. 

When we look for arbitrage units for our clients to sublease, we are upfront and honest, as well as explain the risks to both parties of this model. 

Why do mine do so well?

Hold, continue building equity, and in the long run you will do well.

I remember that well. 🤣🤣🤣 I wonder sometimes what ever happened to that guy.

I do know of one guy that does this and does very well.

Here is a great place to meet other investors like yourselves - https://www.oreio.org/ Not quite sure if once you acquire that property if your intent is to manage it as well for some insight into property management give us a call https://peartreegroup.ca/. 

But I know the city well and spent 5 years on the ground in the Detroit area.Newer folks need to do a ton of research and/or work with someone that has a ton of experience and is going to be honest with you.Detroit can be extremely block by block.

You'll do well. 

They are well capitalized and qualified but preferred to minimize their overall risk and minimize out of pockets contribution while rates are elevated.