PropLab - Newer AI-powered tool that auto-pulls comps from Redfin and gives you ARV/rent estimates in about 60 seconds.

It sounds like a good opportunity and I want to pull the trigger but I wanted to get some reviews since the program is a high ticket of $15K I couldn't find much online about this program or Brian Grimes. 

I’d pull comps on what actually rented in the last 30–60 days and see where you fall.

I essentially want to pull the equity from all these first deals to support that larger commercial deal further on, or so that is my though process right now.Currently I have about $50k ready to be deployed for a down payment and my current income is about 180k - 200k annually.

If you don't have enough equity to pull out (usually you can only start taking out equity after the first 20%), then you would only have the $15-20k for your next investment property.This should be enough regardless if you plan to live in a SFH by yourself or househack a 2-4 unit multifamily and you roll in the closing costs into the loan. 

Pull comps, estimate rehab costs, run the numbers on properties you see.

Quote from @Jay Hinrichs: Quote from @Drew Sygit: Quote from @Natalie Allie: Looking for advice from seasoned investors in the Detroit area - specifically how investors mitigate risk when investing in the inner city and what the best solutions are to secure properties, avoid squatters, etc...

I don't think anything has changed. 1) Ensure the borrower has the ability and exit strategy to pay the loan back, 2) Ensure the borrower has a history of paying their bills (we pull credit), and 3) We pay attention to not only the LTV and not overleverage, but we make sure there aren't any significant defects in the collateral (environmental issues, settlement issues, title issues, etc).

Note the insurance pays all but the deductible but rebuilds take effort from the asset manager/owner.NAR just pulled down their ADU data on the premise of it being dated (it was getting old but it was the most complete source of ADU valuations).  

My local bank would refinance me at that point since the principal paid would be past the 20/80 threshold.if the seller rejects this, are there any other creative solutions to bag this deal?