My agent brought me a great off-market deal that for 140k, that I knew was worth much more given we've been working on other properties in the area. 

For a comprehensive view of the Las Vegas investment market, message me for my blog link.

I've already spoken with a property manager and agents, but I'd like to hear firsthand experiences from other new investors in the Detroit market, especially within the first year or two of their initial investment.

They will only discount so much and your reputation in that market will take a hit if you really cannot pay your contractor.  

Keep in mind that if you burn all of your equity in your home and the market where your home is goes down, you own something that is now a net negative if you sell.

Turning a corner with more inventory, more sales, still higher prices reflecting strong demand.Median Price: $660,000, +7.06% Yoy.Closed Sales: 3,615, +8.92% Yoy.12 month Closed Sales: 38,005, -13.85% Yoy.YTD Closed Sales: 13,004, +9.02% Yoy.Inventory: 5,896, +26.31% Yoy.YTD Inventory: 21,298, -10.88% Yoy.New Listings: 6,146, +15.96% Yoy.YTD New Listings, 20,237, +7.49% Yoy.Months Supply: 1.8, +38.46% Yoy.Cumulative Days On Market 38, -13.74% Yoy.

I have decided to exist the NYS market due to the regulations.

The market value is around $220k.

I then recently moved into doing flips, JVing with other investors, and I’m ready to start flipping independently since I have gotten experience.I’m a big fan of the more local the better, given, they will know the smaller markets as well as the big in my city; however, I am open to lending opportunities farther out. 

Going to real estate networking events is a great way to see what works in your market.