Hey Genesis, congrats on looking for your second rental.I'd highly recommend throwing Detroit on your list of places to check out.

I’m open to any suggestions or advice on both established markets and up-and-coming areas that could offer strong returns.Thanks in advance!

What is my net worth ROI on my downpayment and is this better than other investment opportunities I have access to.

I plan to build a 6 unit multi-residential building on the back of the property in the next few years which most likely will complicate keeping the current SBA-HEDCO loan due to restrictions of the loan.  

This means the total time both spouses spend on managing, maintaining, or working on the property can be added together to meet the 500-hour requirement.- Real Estate Professional Status (REPS): For REPS, only one spouse's time counts toward the 750-hour requirement.

Good luck on your journey and feel free to reach out if you ever need any guidance or advice.

Another thing is getting multiple bids on the work. 145K and 200K is a big difference.

What your current take on RE investing across the markets?

I informed him that his wife would have to apply and if everything checks out then we would need a background check on him before moving forward.

Missed out on the great COVID rates, had to take out a mixture of Fannie and DSCR loans to close, with sub-optimal interest rates, maybe in the 7s to 9s.