However, with the news that GM is closing some of their factories, which 2 of them are in Detroit area, I start to wonder whether my investment plan still make sense.

You'll be more efficient in both time and money that way.

Sometimes you can reduce utilities by energy saving methods such as higher efficiency fixtures.

One word... efficient!

We're able to make more money on that spread because we have networks and economies of scale for both finding props and rehabbing them that mean we can be faster, more efficient, and have a better negotiation position when buying distressed properties (we have liquid capital, networks of wholesalers that come to us first etc).

The key factor is not making money when you buy.

Please reach out if you would like more information.The most important factor is finding a good company to partner with in a strong market.

2) Will the asset be more efficient?

Honesty, efficiency, reliability and quality is what we are obviously looking for :).

You can be very successful doing it too...and your 3 year timeline can be achieved, depending on the market you invest in.Now, in order to actually execute this, what you need to learn is the following: 1 - How to analyze Markets to find the Micro-Markets to invest in for your flips and/or your holds.2 - How Money Works, and how to use (not spend) it to maximize its efficiency.3 - How to design the actual Plan of how to execute this.4 - How to apply numbers 1 - 3 above together as one system, where none of the 3 knowledge bases listed here are left out.