Newbie looking for advice....

[Hendrix P.]

I am new to the real estate thing but am going to try and purchase my first investment property. I am in NYC but looking into getting something in the Detroit area. I am doing research and there seems to be a endless amount of information and I'm not exactly sure where to start.

Just some background. I picked Detroit basically because I read that the market is fairly inexpensive and has a reasonably good rental market. This is my first property and I anticipating a few hiccups so I rather not spend a lot of money on the property so I can have some in reserve for the OMG moments.

So, can anyone advise on what my first set should be? I do plan on going there but would like to do as much from NYC as possible.

Any and all advice is well come and appreciated!!