Even better, I might be able to snag it well under market value since it's an estate sale that's been sitting on the market for nearly 200 days.Here’s the challenge: while I could afford to purchase the property under market value, I’d be stretching my budget thin to cover the mortgage during the period I’d be remodeling the basement to make it rentable.

Detroit is a market where local have a strong competitive advantage over non-locals so you want to use that to your advantage.

Bought undervalued (market value of 265k); refinanced about 1 year later to contribute to next property purchase.

The market appreciates 3% per year.Pay cash for one house and rent it for $1,500.

What is the best strategy in your opinion to niche down on a target audience in any given market?

We paid off our primary home last year and have been slowly getting the courage to jump into the investing market where we live in the Pacific Northwest.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

If you're located in WI, check out Premier Point Realty and Homestead Realty....both offer the licensing course at a discount and some of the lowest fees/commission splits in our local market.

I considered suing for non-performance but felt the hassle of doing so would not be worth the benefit.I'm still hopeful and looking in the Flint market, I just would not use them to do so.

With that said Phoenix had one of the highest home price declines in the last market down turn.