Quality Assurance:You can personally oversee the quality of work, ensuring that all tasks meet your standards and avoiding potential shortcuts that some contractors might take.5.

@Jonathan GreeneAgree 100%. be transparent and if good news great - bad news - still share it with investors - realize they are making life choices based on what they may be telling you as an example of someone has $100k investment and you fear it’s going to go to foreclosure - well maybe they would not spend $10k on that vacation or buy a new home knowing they are getting wiped outUnfortunately there is a group of guru syndicators who are great marketers / sales which some I have personally spoken with and they are so full of it and just like to hear their voice their ego gets in the way.

It can definitely be frustrating.One thing I'd encourage your friend to keep in mind is that the tenant is a person and their housing depends on this process.

I'm working to get my personal finances well established/understood, which I think will help me determine my best path forward.

@Anthony Quint I personally decided to stay in CAN and not venture into the US.

Title companies often have a business development person that goes after real estate investors, offering foreclosure lists as an incentive.

But what I never hear anyone discuss is how the payments on the HELOC, whether interest only or principal and interest, factor the overall cashflow and return?

Personally I have never heard of them.

It's not a great time to refi if you wanted the equity from it, but it sounds like you are going to trade this house to do the same thing again so why not keep it and do the same thing again since you are thinking you might need to go big on your personal residence next?

Personally, I think the taxes are high and the services you get for your taxes low there.I know people that invest in Detroit but you must know the area down to the street and have excellent property management.However, I just talked to my CPA today about a referral he was sending me who is a client of his that has 30 rental properties in Detroit and selling them all because the City doesn't really help, charges for everything, and they never have given a security deposit back to a tenant after they stayed because of their behavior or lack of payment.