It was built in the 60s but just got a new roof, HVAC and water heaters were all updated between 2017-2018 so fairly new, and it’s an active mid-term rental making about $3,200-3,600/month depending on the season and he provided all the documents to support that from the past 1.5 years.

I live in the home and rent out a 700 SF portion of the home.

Also, side note I invest and live in the Metro Detroit market which is very competitive. 

I was looking to park money in an asset and continue to live in the barracks collecting my BAH payment.

You discover his unauthorized dog trashed the carpet in the living room, destroyed a couple doors, and the entire place needs cleaning.

Finally, you can also consider house hacking, where you rent out part of your property (a room/basement) or a multi-unit where you live in one unit and rent out the rest.

Maybe they have a vacant house and live out of town, or perhaps they are behind on their payments.

Do you live in Detroit or just wholesale there?

Going to the area is a great step, but you will still need members on your team that live and work in your target market.

My current income is sufficient enough to cover my living expenses, live comfortably, and put a portion toward savings each month.