I took off work the other day to go buy supplies at Staples.

Then when we started sourcing Japanese properties, all sorts of people, including very influential hedge fund managers etc (of the sort that brought the market crashing down in 2008) were saying similar things ("prices haven't risen in 15 years etc") - they're all (mom included) laughing out of the other side of their mouths now ;)Slow and steady does it - it takes those who go against the grain to make a real killing - and Detroit may be just the place to hit now, of all times.Best of luck and welcome aboard!

The application and late fees are an additional income.The admin fees are a number of fees including phone, licensing, office supplies, bank fees and credit/background checks.Maintenance salary is a repair expense, not a management expense.Service contracts do not include capital repairs.

Yes Derek, the information Brian supplied was what I was looking for.

I can definitely see the potential now to acquire rentals on the cheap but slow and steady is how people win at the tax lien game, imo.

Prices will vary greatly depending upon supply and demand.

You can get great steady numbers in smaller rural markets if you know what you are doing...or some of the cities...drugs and crime are sadly everywhere these days...but the midwest and north (outside of slum cities) tend to have people with better values.

There are private operators who deal with the non-profits as well in keeping a decent supply in inventory here.

Hi Robert -There are good opportunities here, but competition heats up in the spring and supply has been limited.

Definitely worth the $400 to save on gas and supplies IMO