Having a strong property manager is critical to making those passive deals actually passive.

Check out this chart:FICO ScorePct of PopulationDefault Probability800 or more13.00%1.00%750-79927.00%1.00%700-74918.00%4.40%650-69915.00%8.90%600-64912.00%15.80%550-5998.00%22.50%500-5495.00%28.40%Less than 4992.00%41.00%Source: Fair Isaac CompanyMake sure you understand the Class of properties you are looking at and the corresponding results to expect.Metro Detroit has 132 cities, the City of Detroit 183 Neighborhoods, which we’re analyzing and classifying. 

Regardless of the type of investing you're focused on, two of the most critical, yet often overlooked, pillars of long-term success are tax planning and asset protection.

This commonsense reform delivers critical tax relief to homeowners and helps increase housing supply nationwide.

Hi Alejandro,Getting started with wholesaling will help you learn to identify properties under market value and connect with cash buyers, which are both critical skills.

Managing tenant turnover and maintenance costs has become more critical than ever.Would be great to hear what specific strategies others are using to stay ahead in this market!

Regardless of the type of investing you're focused on, two of the most critical, yet often overlooked, pillars of long-term success are tax planning and asset protection.

Books and podcasts are a good foundation, but hands-on experience, mentorship, and understanding deal mechanics in real-world situations are critical before scaling or raising money.To your questions:Day one to deal one should include building your local knowledge base, getting familiar with your chosen asset class and market, and building relationships.

Investing in tax-advantaged assets like municipal bonds or qualified opportunity zones can also reduce taxable income.Timing is critical—the sooner you implement these strategies, the more value they deliver.

I'm not trying to criticize the Midwest but the property tax rates are higher even though purchase prices are lower.