Starting the process of growing your real estate portfolio is a lot like starting a vehicle: You need the power to get going and momentum to keep moving. Once you leave the starting line, Newtonian physics is on your side; it’s a lot easier to keep things moving. Getting the power to overcome your initial inertia is the key! Acquiring the right information will take research—in real estate, knowledge is power.

While purchasing rental property out-of-state offers limitless investment opportunities, it also presents some logistical challenges that may be hard to overcome. Even the most organized investors cannot be in two places at one time if they live outside of Michigan. Thus, several problems can arise when an investor is unable to manage a property or engage with tenants.

Over the past five years, investors, real estate companies, and developers have shifted their attention to the Detroit Metro real estate market, creating an upward trend in residential purchases and rentals. City officials and associated stakeholders have launched over a dozen programs and initiatives aimed at garnering interest from investors looking to find rental opportunities.