This is our specialty and glad to discuss any questions you may have.

If you want to participate in passive income streams thru larger MF, you can also get involved in partnering w/experience players that are 100% focused on acquiring, re-positioning and eventually selling larger apartment communities.  

Listen to the podcasts, get involved in discussions of interest to you.  

Items needed include:  new HVAC (current was installed in 2003), new water heater (the house has two, one is new, and the other was made in 1998), significant bathroom repairs/remodels in both bathrooms to re-do unskilled labor, window replacement to re-do unskilled labor, destruction of the garage and rebuilding the roof to be without the garage, destruction of a cinder block wall that was supposed to be used with the garage, finishing the driveway that was half-completed, fixing plumbing violations, new flooring and paint in the entire 2000 sq ft house, updating tax records with number of rooms and bedrooms, and some cosmetic updates.I initially offered $90-95k range, and said I would present a final offer upon review of the repairs.  

I'll check with a local RE attny. 

I've been listening to the Podcasts and in episode 152 a video is discussed about the pros and cons of 30k rentals.  

If anything comes back a concern, re-run your numbers with extra repair costs, and with dropping your offer price, until you get back to numbers that satisfy you.

Then go to a few local RE meetings and get some feedback from other investors in your area.Good luck in your RE journey! 

Feel free to reach out if you would like to discuss.

Hi BP friends, our company in Texas doing RE investments in Detroit, any good Real Estate Attorney recommendation who knowledgeable/experienced with Detroit market.I appreciate your input Thank you