It doesn't matter if they've had a percolation test or a septic permit, and larger lots that need to be subdivided are fine too." and it shoot me results.

If your current area is tempting, I’d only do it if it still hits your 6–8% cash-on-cash after you stress-test property taxes and tenant regulations.

I am actually not looking to buy in the Ann Arbor area, that would be a class A, there are multiple cities I have been looking at Westland, Taylor, Allen Park, Lincoln Park, Warren, Madison Heights etc.

Through our co-investing club, we underwrite conservatively, focus on structure and downside protection first, and use shared, real-time analysis to pressure-test every assumption.

Thanks again for sharing your experience — it’s great to hear from someone who’s successfully managed multiple projects firsthand. 

A few field-tested observations from large rental portfolios and mixed-use operators:1.

Tapping into interest rates in the 2-4% range makes cash flow possible again, along with multiple other benefits.

So far this tenant pays rent on time and long term for multiple years.

How are you stress-testing your deals given interest rate changes and possible price softening?

Working with a licensed person who has at least one state license shows that the person passed a challenging test, the NMLS test, that more than half of people fail on their first try.