I also plan on developing an ADU to permit 2 + beds 1 bath unit and community improvements such as installing solar panels, specified parking areas, common areas, a community garden (for tenants only), and rehabbing each unit to force appreciation.  

Target a price based on where I am in my REI plan, which has a specific amount of cash available, and a specific return needed from that cash, at the specific timeline in my plan. 

Hi there, I am a new investor, started my journey with my wife back in 2022 we house hacked our first property in new haven CT.I am currently having a hard time finding any good deals in my market everything is so over priced and goes way above the 1% rule, I even made some low offer on the properties  that I thought would be a good fit for BRRRR however offer never gets accepted or someone else over bids. 

Prior to this I’ve lived here around 6 years and always paid my rent on time faithfully and plan on setting up auto-pay to avoid any discrepancies in the future but I honestly can’t afford to just give away an extra $370 if I don’t owe it.Any insight into the discrepancy would be greatly appreciated.  

I do plan on getting one more home in MI to be a rental (1 primary and 1 rental in MI LLC), I will use them the same way i did this AZ home.

Good luck, I will be happy to hear from you if you proceed with your plans!  

Another option may be to tell them what you just said and that their 3 month delay has cost you a lot in rates and that they need to take off $ to make the deal fit your numbers so you can close... 

Unfortunately the company I am leasing through does not allow extensions as that was actually my initial plan!

https://mioym.com/Who are you planning to sell your fix & flips to in the Detroit area - investors or owner-occupants?

Living in your home the next 2 years to avoid capital gains tax only applies if you are planning to sell it within the next 5.