How much did the rehab cost?

While my background is primarily in the automotive industry—managing operations, logistics, and problem-solving— I own a business here in Anchorage that is working on securing an 18,000 sq. ft. warehouse in order to provide Commissary Supply services to the Department of Corrections.

If not, well, a confused homeowner always says "No".𝗙𝗶𝗻𝗱 𝗠𝗼𝘁𝗶𝘃𝗮𝘁𝗲𝗱 𝗦𝗲𝗹𝗹𝗲𝗿𝘀: Look for property owners with a problem, in markets that favor buyers: increasing inventory, declining sales, price reductions, long days on the market.𝗡𝗲𝗴𝗼𝘁𝗶𝗮𝘁𝗲 𝗧𝗲𝗿𝗺𝘀: Decide the 𝘵𝘺𝘱𝘦 of lease option you are offering and craft the terms accordingly, agreeing on option to purchase price, lease duration, and monthly rent.𝗡𝗲𝗰𝗲𝘀𝘀𝗮𝗿𝘆 𝗔𝗴𝗿𝗲𝗲𝗺𝗲𝗻𝘁𝘀: Ensure your agreements are clear, legal, and protects all sides.𝗠𝗮𝗿𝗸𝗲𝘁 𝗼𝗿 𝗘𝘅𝗲𝗰𝘂𝘁𝗲: Depending upon the type of lease option and your objective, either assign the option to a buyer for a fee, or exercise it yourself when the time’s right.Lease options are a low-risk, low cost entry into real estate investing—start small, take action, then grow.

This is just a brief post to give some insight into the local maintenance costs in the Metro Detroit area. 

✔️ Tackling Affordability: More people can access lower-cost housing in desirable areas

ALL closing costs will be paid by the cash buyer.

This strategy would remove the hassle of managing multiple properties and allow you to defer all of the tax and appreciation.

You will already be saving substantial closing costs with a private deal.

I think Joe Sera is on this site, but he is at : Joe Sera, Vice President  Sera Capital Management, LLC.  

Any industries there that could be hit hard by increased costs?