You have a point, Nothing beats a quality pre-inspection.

LTV is the most important factor we look at, along with quality/desirability of the collateral (which will determine how easy it will be to dispose of in a down market).

Things to note: The bank may be uncomfortable with using HELOC funds for new debt depending on the lender, make sure to hire a quality property manager to thoroughly vet a tenant with systems in place to detect any fraud as unfortunately people create fake pays stubs etc..., rental registration is very simple in most cities in metro Detroit with the exception of a couple, but a professional property manager can assist with this to make sure the home is rent ready before the inspection by the city.

I'd love to hear some stories.1)  Methods of accepting rent payments2) Where to advertise3) Application form and screening process4) Where to get credit report5) Lease form6) Eviction forms & process7) Handymen & contractors8) Affordable attorney to help with all the above9) System to store all docs and notes Thanks Drew! 

Connect with local property managers and other investors in the area to get insights on tenant quality, neighborhood trends, and maintenance expectations.

- How will you monitor quality of work?

You’ve clearly put in the work and it shows with your reviews and listing quality.

Learn traditional methods, but don’t be afraid to explore creative financing.

When a quality tax professional prepares your tax return, a lower tax bill could be one of the results, but it's not guaranteed.

It is all about location, amenities, design, and management (maintenance and housekeeping quality control, pricing, guest communications, and marketing.