Much of Detroit is block-by-block and zip codes cover too large of an area.We use City Neighborhoods of which there are 187 to 195 - depending on the source.We've analyzed & rated 183 Neighborhoods, which we have color-coded on our website.Since a zip code will encompass SEVERAL Neighborhoods, using the Neighborhood approach focuses on smaller sections of the city, which leads to a higher probability of success!

Quote from @James Sloan: What do you all think of this attitude: I would sooner have, hold, pay off, and manage one property well, than many which are average: it is better to do well with one property at a time than to own more than one average properties: you only need one paid-for property to keep personal freedom: when one is not enough, it is time to upscale by trading for another property which sufficiently challenges you.

= Need to look into this Hearing you say this is the most challenging time to determine what is going on in the market, makes me happy to know im learning now at one of the hardest points.

I’ve seen creative financing help both sides, but I’d love to hear your approach for the year ahead.

If you are looking to build multi-family, its challenging.

@Dominic Emory Maintaining your money's momentum is a challenge in the current market.Properties are not increasing in value by double digit percentages right now.So, it is a challenge to pull your funds back out of a property purchase.You'll have to be picky about the deals you pursue to pull it off.House-Hacking, living in a property whil improving & renting it, is one of the best strategies to get started.The more work a property needs => the better the price you should get!

Would love to hear how others in the community approached this stage of scaling. 

There have been some updates and everything is in good working order but the mere existence of aluminum wiring combined with the fact it's a short term rental have made obtaining insurance a significant challenge.

Challenges?

The challenge is financing—construction loans have shorter terms and draw schedules.