You need to spend some quality time discussing all the possibilites before you put in the first dime.

Ask the specific questions to their references related to performance on quality, time and budget.

Older community type apartments with seniors the tenants stay forever but you can't raise the rent as much because they are on very strict incomes.There is an art to extracting the most rent while keeping turnover as low as possible and quality tenants as long as possible.

It was easily doable a couple years ago, but very hard to obtain now if you are buying anything of quality.

I have a feeling that I wouldn't make any money due to the fact that someone that is paying around 450-500 a month probably isnt the highest quality tenant and very likely could trash the place, which would defeat the purpose of painting and redoing the flooring.

One of the driving factors behind our portfolio is community revitalization by providing top quality rental units.Feel free to reach out to me to connect!

Tara other markets you need to see what kind of cap rates are possible versus quality of the area.What type of cap rate is where you live and what cap are you seeking versus security??

Quality of judges matters.

I have heard very different opinions when it comes to acquiring rental properties versus strictly investing in quality flips.

Hi BP....does anyone know if the Mohican Regent neighbourhood is a decent area to invest in...I am not from Detroit but I try to research as much as I can....and thanks to this BP forum I have learnt a lot from you guys...hence for Detroit...I want to focus on the neighbourhood as much as I would focus on the quality of the house...let me know if you guys know about this area...so far I can only find limited info on the net about it...Thanks.Brent.