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New to investing looking in Detroit HELP!!
Hello me and my wife just started an investment company we are looking to invest in a few properties in Detroit, MI. However, we live in Atlanta, GA. I do have friends that live in Detroit and have friends that live here that are from Detroit. What are the possibilities of becoming a landlord in Detroit while living in Atlanta and what do I need to be aware of? Any and all criticism and advice is appreciated. FYI: we have about $20,000 and we are looking at fixer upper properties in the $2,500-$5,000 range.