Hi there Carl, This is a very unique situation.

In addition to the competitiveness of this market, and the high value of the homes here, especially in the multi-family realm, I would start thinking of unique strategies for renting the home.

So, what makes direct mail a unique way of sourcing deals?

This was a major issue to work through with my property managers and was a unique lending requirement for corevestAll in all Corevest seems to talk a good game, but when you get in the weeds they end up under-delivering on what they can provide (not unusual when working with lenders), and the controls they put in place to protect themselves during the loan or unusual and much more costly then market norms.  

Is there anything special or unique about your market? 

Add in the unique challenges of the Detroit market, and you're looking at more than double the work.

I'm deciding the rental amount on a unit that's very unique, meaning I can't compare its rental rate to any others in the area, or elsewhere for that matter.I've done my research on other kind of units in the area and I've made a fair assessment on the rental amount for this one.

@Adam Wigdorski You have quite a unique and amazing story. 

While Indy is a fruitful marketplace, there are some variables here that make for a unique investment strategy.

If you don't mind me asking, with such a unique/defined niche, do you typically have the same investors eager to invest in new deals or would you say it is similar to any other multifamily deals where investors will be interested if the deal and sponsors themselves check out?