My partner and I have our first rental property underway and were able to finance the deal with our own capital.

The first part, lumber getting 'normal' is underway.

Then use the LOC when you have the next project under way. 

Accordingly, we believe it would be very unwise if the City Council were to take actions now that will prove harmful to needed investment in Long Beach; specifically, downtown has old housing stock thus Long Beach should be very supportive of redeveloping these buildings, so that we continue to see the vast improvements already underway for years to come."

So ima newbie from Detroit and with the new chrysler plant under way for construction I'm think of land grabbing rental properties and flips in the detroit area but dont know where to start should I get super cheap properties that need alot of work and appraise for little and sit on them or what

I would encourage you to also check out some of the awesome meetups and REIA meetings that are already underway!

I saw lots of trendy shops (hipster-ish), large development projects underway, and commercial/retail (Park City Mall etc.). 

The 'Sharing Economy' - inspired by Uber, Airbnb, VRBO - is underway.

There are always things that can't be discovered until the project is underway.

There are some decent sized developments underway and several fortune 1000 companies have been steadily building hotels and commercial centers to accommodate future growth.