2021 was a great year business wise.Had lots of great transactions with clients buying NNN properties.Personally I bought a value add 14k sq ft retail center and a dark auto store to reposition.Additionally closed on a dark building right next to a new Amazon facility going up and looking at buying a dark bank to close maybe early next year.I like retail value add as the goal is to stabilize in under 1 year and exit in about 3.

Third, you run the risk of the unexpected changes in the environment - from accidents to natural disasters to riots and Covid.

@Andrew GibeautToledo is an interesting town, with many blue collar and union jobs focused on the auto manufacturing industry and close ties to Detroit.

@Darrell DegraziaWe love Metro Detroit (my rental portfolio is here)The trick is to know what to buy and not be tempted by the ones you shouldn’t lol.Purchase: $80k-$130kRent: $1200-$1500ROI: 10-14%Cash flow: $250-$350/doorAppreciation: Double digit (for past 10 years, will gladly send data)Location: C+, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints.

@Joseph GaryWe love Metro Detroit (my entire rental portfolio is here)The ticket is just to know what to buy and not get tempted by the stuff you shouldn’t lol.Purchase: $80k-$130kRent: $1200-$1500ROI: 10-14%Cash flow: $250-$350/doorAppreciation: Double digit (for past 10 years, will gladly send data)Location: C+, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints.

@Daniel NishiguchiIt should be stated in your lease anyways that the tenant is liable for all people / guests they have in the unit for accidents damages etc .. you can’t take a persons second amendment rights away because your scared of guns bro

For example, my lease states that if the  “Premises are totally or partially damaged or destroyed by fire, earthquake,accident or other casualty that render Premises totally or partially uninhabitable, either Landlord or Tenant may terminate this Agreement by giving the other written notice.”

When we returned home I took the pump and the receipt into the National Auto Parts store (unnamed because it doesn't really matter who it was) and asked for my $35 back or a replacement.

Accidents happen and there isn't necessarily a boogieman. 

Another--dad gets in an accident and is sued.