I always suggest looking at things like local regulations, seasonal occupancy trends, and what kind of returns people are getting in a specific neighborhood—not just the city overall.Happy to share more about what’s working in my market if that’s helpful.

But as you hinted at.

It will give you more flexibility if things do not go well. 

I am having conversations with lenders and still open to any more connections that can be made in that space.

@Daniel Watson hard money lenders lend mostly on the value of the asset more than your credit.

If you'd like contractor recs or insights, feel free to message me—happy to help you avoid some common early mistakes.Wishing you a smooth and profitable project!

If you are new to real estate investing, It isn't often stated, but the whole idea in investing is to make more than you spend.

It allows enough time to notify tenants and confirm several times that they updated payee/address for the coming month.But besides the very typical reconciliations that will happen not matter what, you are not "getting more money" or losing money in either scenario. 

They will likely be helpful and offer suggestions.  

Check out this chart: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 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.