Part 1: 5 The Truth About Investing in Detroit Rentals: 5 Things that can GO WRONG!

They say high risk means high reward. But you can really cut down the risks in Detroit if you learn what they are and find ways to avoid them.

1. Consider who is advising you and know their level of expertise.

2. Choose the right neighborhood. It takes a true local to advise you on this. It’s not possible from reading blogs, watching videos, or searching Google.

3. The renovation. It’s hard to find a crew who can renovate well. Allow your project manager to do the management of the crew.

4. When choosing a property manager, get referrals from clients who have been through turnovers.

5. When choosing tenants, it’s more of an art than a checklist.