Purchase price: $580,000 Cash invested: $75,000 Townhome in the highly desierd Rosemont area.

One one of my rentals - AFTER issuing the policy they requested an exterior inspection and I figured - it's a townhome in a nice area, hefty HOA fee, maintenance seems looked after.    

Here are a few strategies to consider moving forward:1.Consider Existing Properties:Since new construction timelines are extended, you might explore purchasing an existing property that you can renovate to include a Next Gen suite.

In fact it can be an inverse function of rent.  2 properties otherwise the same one in c- area the other in A- area.  

I'm looking to gather insights on how the market might perform for fix and flip investors in the Bay Area for the remainder of 2024 and into 2025.

I just got $900 for a 1 br in the hood and $1700 in a C-B area!

For detroit,  I was looking into areas like Bagley, or Boston-Edison Historic District and saw houses for really good prices. 

PM us for more info, but in the meantime read more advice below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

If you are a property management company, even working on your own properties you probably should get licensed but I would review that with your attorney and insurance company.

@Shervin Golgiri I am in a sellers market , little inventory , very popular area , A+ rated schools .