Usually best to use free/cheap money.

Learn everything about real estate like it's your favorite video game and show your wife how passionate you are and how much you believe in real estate.

Mine was also out of state, in a town I’d never visited, and I relied heavily on videos from my agent.This sounds like a tough first deal, but it seems like you have some capital on the side, which will be useful as you face the upcoming challenges and learn from those expensive early mistakes.Regarding the subject of this post, “help me adjust my expectations,” I’d recommend assuming that; repairs will cost twice as much as you estimate, maintenance and vacancy rates will likely double from your initial projections, there’s a very real chance you may lose money on this deal.That said, there are ways to mitigate these risks by:- Keep asking questions here on BP and connecting with local experts- Stay proactive and communicative with your agent and property manager.And remember “Inspect what you expect.”Im not trying to discourage you but to help reset your expectations.

I would anticipate it would depend on the level of detail you desired but it has been my experience that the will do free estimates.

There is no such thing as risk-free money."

Any more questions, feel free to DM or email me.

I’ve seen a lot of investors succeed by focusing on a market with strong rental demand, good price-to-rent ratios, and opportunities for appreciation—Detroit checks all those boxes.If you’re curious, feel free to reach out, happy to point you to some resources.

This event is free but has very limited seating and we are limited to the first 50 to RSVP!

Feel free to reach out if you’d like to talk about real estate or exchange ideas!

If you have any property management questions, feel free to reach out.