Choosing rental property in Detroit

[Phillip Smith]

Hi, my name is Phil. I recently joined bigger pockets & am new to real estate investing. I live in Detroit & would like to here from any investors who live in or have purchase real estate in Detroit.

My current plan is to start by purchasing a duplex, and renting both units to Section 8 approved renters...for the following reasons:

• One physical location

• One tax, water, insurance bill

• Two monthly rents

• Majority of rental payment(s) are guaranteed by the state.

QUESTIONS

1) What are the pros/cons of renting a duplex in Detroit vs. a single unit home?

2) What are the pros/cons of renting to Section 8 tenants in Detroit?

3) Where should I start my search for property?

4) (Location specific question) What’s a reasonable budget for a duplex on the east side of Detroit?