Pretty sure no matter where you invest, there will be many other flippers you'll be competing with for acquistions, maybe contractors and then selling.So, just copy what other successful flippers are doing and then try to incrementally improve.Acquisitions will be the toughest challenge as you need to network to get access to the best deals.Renovations you'll want to study what others are doing for materials, fit & finish to understand what the "market" is looking for.Selling will be about finding the right balance of speed (DOM) vs cost. - I.E. hiring the cheapest agent vs the best agent.Mistakes with any and all of these could wipe out any expected profits.How are you going to address the acquistion challenge?

I’m looking to connect with: Experienced investors who know the Detroit market wellPrivate lenders / hard money lenders who work with new investors (including those without a long track record)Contractors, property managers, and agents who understand rental-grade rehabs and BRRRR-friendly dealsPotential partners who are open to networking and sharing insights  I know I’m just getting started, but I’m eager to learn and grow alongside the right team.

Enjoy the convenience of all city utilities and easy access to recreational amenities, including golf, dining, and aquatic activities.

Loss of Use / Loss of Rents: Normally, there is a 20% included limit.

This duplex needs a lot of work including two new kitchens, two new baths, flooring and new interior paint.

Simply negotiate that with the tenant and include the language in the amendment that tenant is paying in $xxx additional SD at time of signing the lease amendment and put the total amount of the new SD balance held by you so it is clear to all parties how much the tenant has paid in.

New construction including in ground pool can lead to greater 1st year depreciation.Contact cost specialist firms to see what categories and design builds offer highest depreciation.

Luxury STR buyers aren’t just comparing square footage or finishes—they’re underwriting deals based on net operating income (NOI), occupancy rates, and cap rates.

Make sure to only include cleaning as an expense, not both — it threw off my numbers the first time.

Knowing what I know now, I'd also include a professional cleaner to come once a year.