The new builds in New Market/Meridianville/Hazel Green are at high risk for being underwater over the next 3 years. 

Meridianville/Hazel Green - overpriced. 

A lot of listings you see on Airbnb within city limits are likely operating in a gray area or under creative setups (for example, co-hosting with owner-occupants, or focusing on areas just outside Detroit where the ordinances are more flexible).If you’re set on pursuing STRs, one strategy that’s been working for some investors is targeting nearby suburbs — places like Ferndale, Dearborn, or Hazel Park — which have much friendlier regulations but still get good booking demand from people visiting Detroit.Long-term, it’ll depend on how the city evolves its stance on STRs.

Model rents at “achievable after light value-add,” not CoStar top-quartile.

Curious if anyone has utilized a strategy similar to this and could shed light on their experience.Thanks!

I assumed Yardi was too big for us and meant more for the "boots on the ground" doing the day to day property management, vs light property management (for the properties we self manage) and asset management for the whole portfolio.

They check that all the light bulbs are working, TV remote, etc. etc. 

I think John Bianchi and Taylor Jones are both lights-out good in the space, but the buy-in to hire them is steep and it should be.

I have been investing out there for several years, but am now looking for true partnership of boots on the ground to do light rehabs for my fix and hold strategies.

You will need to install outlets, switches, and lighting fixtures as needed,6.