New Investor interested in Detroit

[Patrick Wilcox]

I'm a new real estate investor looking into multifamily or potentially single-family houses in Detroit. I like the numbers in the city and I have both friends and family in the area. I know that location in Detroit goes by the street or house, and not the neighborhood, and that vacancy numbers should be at least doubled. Any other advice, recommendations or guidance? Thank you!

About me:

I own a successful film production business.

I have up to $200,000 in cash allotted to invest.

I ONLY care about cash flow. I have ZERO interest in the appreciation of my future properties. If they do appreciate, great, but it does not factor into my buying decisions in any way. I'm not a speculator.