Hello Aj, I would suggest that you physically check out the area and speak with some people who live there.

Market Selection:"Boots on the Ground" is King:I always advise new investors to start in an area they are intimately familiar with, or where they have reliable "boots on the ground" (a trusted team member, friend, or family member who can physically be there).

Most newer folks in the investment space I have encountered what immediate results so they can quit their jobs as soon as possible - they think real estate is like a money vending machine, rather than a physical asset to invest in and let your money grow over the next 15+ years.

That becomes some excellent physical evidence for an eviction lawsuit.I see that you are writing, you have an old Victorian.

We want something family-friendly, multi-use, and big enough to bring in other businesses like a juice bar, small restaurant, physical therapy, gym, etc.Here’s where I’m looking for help:1.

We no longer invest—or lend, in our case—in anything we haven’t physically walked through or with anyone we haven’t taken the time to get to know.

The claims of 1hr to collect rent, produce receipts, and deposit checks also seems like a reasonable claim if done physically and not electronically.

I will say that even on vacation, I am available to guests via calls or texts.Any issues requiring physical help, I can count on my cleaner or my neighbor.

I personally could give a rip about the buyers safety if they dont know any better and get wiped out so what.. but Sellers thats a whole different matter.. a sub 2 gone bad can destroy them financially emotionally physically break up marriages etc etc.

It's SO important to have boots on the ground to physically walk properties in Detroit before closing.