I have a sweet 1 bed, 1 bath unit with off street parking. 

Hi BP Fam,Short and sweet,  does it make sense to invest in adult communities in Delray beach Florida? 

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

Sweet excited to see what ya got!

That sounds sweet.

This is the number one best thing to do.You of course must have a nice place, hopefully better than just an "Airbnb" but a nice STR or vacation rental.We also leave a handwritten welcome card and something sweet from a local German bakery. 

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

They had paid the first year of rent, then nothing for the next 1.5 years, while threatening my sweet senior landlady with attorneys, court costs and they also called the city on her.

We have a lot of clients having success in the suburbs and ring cities:Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

Usually 65 LTV Is a sweet spot. 55-60 LTV on 2nds Usually.