Detroit

[Corey McCue]

I'm very new to this and have only recently started researching real estate investment, so please excuse my ignorance (as this post will probably be riddled with it). My childhood best friend and I are in the process of research so that we can go in on a rental property together (him and I both have a little bit of capital to pool together), and as we're searching for a good place for our first property (we're currently leaning towards Houston area), I was wondering if Detroit is worth touching with a 10 foot pole? Thing is that him and I only have about 30-30K in which to invest and we're both college students, so we don't have a steady income with which to take out a conventional bank loan. Just looking for some insight on how to stretch our capital as far as possible. Him and I are anxious to get our feet wet, but obviously want to avoid making any major mistakes. Any insight would be greatly appreciated!