Quote from @Joe Hammel: @Leslie MonroyMetro Detroit (my rental portfolio is here)Purchase: $80k-$130kRent: $1200-$1500ROI: Double DigitCash flow: couple hundred/monthAppreciation: Double digit (for past 10 years, will gladly send data)Location: C, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare and Auto industries.

My home state prices are high currently so I am looking at long distance options and have been looking into Cleveland based on home prices and decent rents.Thank you Pros, double digit net caps based on cash purchases Typically 15- 20% . 

@Mike SchorahSwitch markets.Metro Detroit (my entire rental portfolio)Purchase: $80k-$130kRent: $1200-$1450ROI: Double DigitCash flow: couple hundred/monthAppreciation: Double digit (for past 10 years, will gladly send data)Location: C, B- The bad reputation comes from OOS investors wanting $20k D market properties.

@Shannon ParkMetro Detroit.Purchase: $80-$140kRent: $1100-$1600Roi: double digitCash flow: $200-$400/doorAppreciation: double digit (right now)Vacancy: 3-4%Markets: B, C+Ring cities of Detroit.

When the rest of the nation is struggling to not be cash flow negative we have the best price/roi/location balance$80-$130k buy$1200-$1500 rentDouble digit ROI$200-$350 monthly cash flow C and B- locationsTough to beat.

They still make you download all tax returns and such even though they are touted as being "all digital."

The price/rent/location ratios are hard to beat, and they work.Purchase: $80k-$130kRent: $1200-$1500ROI: Double DigitCash flow: couple hundred/monthAppreciation: Double digit (for past 10 years, will gladly send data)Location: C, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare and Auto industries.

None of this is true in todays market though, you pay more per month to buy than rent anywhere in our area & frankly the country at this point, so it takes time for both having bought to be worth it and to move out and make cash flow, there are very few if any properties that are “value add anymore” I’d know because I look At 17 counties daily for deals & if there’s one I’d have bought one, heloc’s are bad debt ar this point, usually double digit debt, again all of these issues are solved with those but if your gonna live somewhere for a year or two he would probably rent and no amount of realtor ******** changes that, this market is different than a low interest rate environment and people owe thier clients at least to properly explain that to them.I think it's still very true in today's market that there are good deals out there.

Great strategy for the following reasons: passive, secure (low risk) and nice double-digit returns.

Would also recommend Touchstay to set up a digital guidebook for the guests.