I personally believe his contract job contract got cancelled as i know others from his company left that same week. 

I’m not a “people person” so they handle screening.

A couple strategies that could make sense for a younger person without experience could be a live-in flip or a house hack.

I personally like radiators, especially steam because the heating system is simple!

While I've never invested personally in Detroit, my usual word of caution to investors in these "lower cost" markets is that while cashflow is great on a % basis, make sure to look at the actual quantity of cashflow. 

Easy to use yourself too HELOC works (there may be some places that do a HELOCs on rental properties)I personally have used a 401k Loan on a few occasions - You're essentially borrowing money from your 401k and paying yourself back (interest goes back into your 401k as opposed to a bank) and if you don't pay your 401k back the loan would simply become a withdraw (maybe some tax penalties, but you could probably finagle a workaround).

So now I have both my personal residence and a leased property as STRs.Even though I live 3 hours away from my leased STR property, I've built a team that assists with managing it, so I don't have to be there all the time.Here are some key things I've learned:Regulations: Research the specific STR regulations in the state and city where you're looking to buy.

I personally interact with each and every guest.

That could work if you find the right person.

Cost approach A straightforward method that adds the cost of the land to the cost of building construction.