@Kieran Dowling ah, so I think it would be important for us to speak about the different loan products out there.Generally speaking there are 2 main types of loans for investors: “Conventional” and “Portfolio”Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

Our job as investors is to define a criterion of what we are looking for and try to find what we are looking for according to our criteria.

I defined what I was looking for and I thought he did a good job with several back and forths to get to a final price......

You may already know some of these, but check out some of the things happening in Detroit in 2024https://michiganchronicle.com/2024/01/03/major-developments-that-will-define-detroit-in-2024/While everyone will post their advice here, we take a more logical approach.

@Alex WeslingHere is an article from the IRS that may help define depreciation on rentals: https://www.irs.gov/publications/p527With my clients with rentals, we will put most of the large rehab expenses as CapEx on the balance sheet.

Define cheap.

@Ruben Helo check out what's happening in Detroit where we workhttps://michiganchronicle.com/2024/01/03/major-developments-that-will-define-detroit-in-2024/

How data and tech fueled SFR growth…As discussed in my last post, as Auben Realty began to grow, we created rental guidelines and policies to help further define our leasing standards.

.#4 sounds good, but now we have to define "smart debt terms" and that will depend on the deal.

You are not defined to proximity to either downtown.