Understand large rentals in Detroit /Memphis / Houston/ GA/VA

[Noel Y.]

Hi

I plan to buy larger (10+ units) investment properties in these areas:

-Detroit/ Memphis/ Houston/ Chicago/ GA/ VA

What do you think about these cities or states?

I like Detroit but i heard people are leaving.  So, I am not sure.

Are the seller disclosures about properties cap rate accurate enough?

For larger investment properties, I plan to hire property management company/agent, any suggestions?

I also notice there are people who brought junkie apartment complex and flip them after renters moved in and try to sell them at big profit.  But if the property provides great cash flow why sell?  I am little concerned about buying these.

I have been buying small rentals for a while but I want to get into larger complex.

Thanks