{ "media_type": "text", "post_content": "What all do you guys look for when buying a rental property? Can someone share an example of a rental property they bought with considerations that went in?", "post_id": "5938dd155e8a960016be800f", "reply_count": 10, "vote_count": 1, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter", "feed_type": "bowl" }

What all do you guys look for when buying a rental property? Can someone share an example of a rental property they bought with considerations that went in?

Posting as :
works at
You are currently posting as works at

Sure. I'm buying a rental property in Detroit right now. Quantitatively, I looked for a low entry point (under $100K), a cap rate over 7%, and a CoC over 10%. Qualitatively, I looked for C or B neighborhood, a house with minimal repair needed (mostly cosmetics), and a management company with fees at or under 10%. I picked Detroit because of the high rent-to-home value ratio, the potential for growth, and positive city development trends. This is my first property. Eventually, I'll get familiar with all of the material specifics and start looking for specific types of utility systems/flooring/spacing/etc, but right now I don't have that knowledge, so I'm mostly doing things on paper. Hope that helps!


^^ if only all posts on here were of the same quality.


^that, or buying in places that have taken longer to recover and still have attractive price points/good upside. Like Detroit ;)


I bought a condo in chicago in 2013 for 80k. It rents now for $1,100. The 1% rule comes to mind, the monthly rent should be one months rent at a minimum. But these days it is difficult to find properties that fit this rule in major metropolitan areas. The condo I bought at 80k just appraised for 135k barely 4 years later. So if you're looking now just know that you'll be buying at close to the top of the market in most desireable areas of the country.

One way you can get around this is by buying a place that nobody will touch, but it'll take some sweat to get it fixed up, not sure if you're looking for something like that but it may be the only option.

But ultimately you're right. The RE market has had a crazy runup since 2012

Do you guys live close to the area you buy? If not how do u manage? (Did you visit early on?)

Rule of thumb - you SHOULD live close to what you buy...unless you use turnkey. Less profits, but less risk as well. That's what I did for my Detroit place, because that place is so fickle. I needed local expertise

@a1 can you please share a burner? I'd love to get your take on Detroit (I am looking to invest within the next 6 months)

Definitely. Feel free to hit me up at hoffmandify@gmail.

@a1 I sent an email to your burner, not sure if you've seen it?

Additional Posts

Any Accenture HR here in this group ?? I need to talk with the HR before accepting the offer letter need some changes, but the Hr assigned to me is not responding to my emails and calls . Any advice ?

Is TikTok a good company to work at? Been considering whether i should apply there or not.


My sr manager doesn’t allow us to eat dinner when onsite. Other managers have said we can say something but everyone seems afraid + we don’t want to look bad. Thoughts on how to handle this?


What’s the best resources you’ve come across for learning to acquire customers via Facebook, google, etc? Everything I come across seems very scammy compared to what you can learn from open source coding communities.


In the latter stages of interviewing for a firm I’d like to work for. I’d like to mention in the thank you email that I turned down another opportunity for the opportunity to work at this specific firm. Thoughts?


Will tcs provide transfer to Canada branch if I get Canada PR?


My sisters internship got cancelled :( do you think there's much chance in even applying for new roles at this point? In Canada fwiw


where all my TMC people?


You did it Captain! 🎉🎊

Hope Indian courts learn from this someday.

Post Photo

Anybody got financing for a car recently? Can you pls share what was the best rate that you got and from where?


Anyone have experience interviewing to switch into real (management) consulting or strategy? I've got a couple phone screens coming up and wanted some advice on how to really highlight my process improvement experience.

Controls are still 60-70% of my actual job but this portion of work is not really valued outside of compliance jobs... might just need to be vague and say I understand business processes? I want to completely leave compliance.


Anyone know what starting salary to expect from Monitor Deloitte if you join as an analyst?
I’ve heard last years intake was £35,000 but this was based on a 35 hour work week which doesn’t sound likely


I have uploaded zip file for the semester mark sheets in bgv instead of merging them into 1 pdf document...Will there be an issue?


If you work at Avanade, do you technically work at Accenture? Heard that comp/benefits and all are based on Accenture’s. Trying to understand how it works.



Post Photo

KPMG jacket is the new Rolex.


My brother just tested positive. He’ll be fine (young, no chronic conditions), but I’m not home with the rest of my family to help them and I feel horrible.


Interviewing for Manager role at Deloitte. 15 YOE in DoD, 10+ YOE in management, and finishing up MBA (put it off-I know, my mistake). What kind of salary expectations should I have?


Negotiating an offer for my first EP gig (digital), is $175K good/average/bad to start at this level? 8 total years of experience in advertising, about 4 at senior level. In NYC. Thanks


Hey guys,

Is anyone going to RTO @ZS bangalore in June? Actually my joining is on June and I have no idea on where to stay n all in Bangalore.

It'll be great if somebody helps me with this a bit.

Also, in case anybody is going to ZS Bangalore from West Bengal do let me know. We can plan together.



New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here


Embed this post

Copy and paste embed code on your site


Download the Fishbowl app

For account settings, visit Fishbowl on Desktop Browser or