I have analyzed a few "rural" markets (semi-rural with a very small downtown).

This is a semi-long preface before the question just so you understand the situation.

So we became landlords and semi-rehab wannabes since the new house needed work.

@Pilar Jin  Bridge is the name of the company... there are two bigger semi private non recourse lenders in the mid south  Peak and Bridge..

Hi Thomas,That's a very vague question with multiple answers.There are areas that cash flow only , appreciate only, and then some areas have a mixture of the two.There are totally vacant buildings for rehab, value add semi -performing , and fully performing properties.

I'm going to get my license soon and I want to know if anyone has some input on where the really good classes are ran in the metro detroit area?

I am thinking about giving my father power of attorney to handle anything in my stead (he is semi-retired), but he is not local, and lives on the other coast from my rentals.Anyone have any advice or experience with this type of thing?

I've heard it called the blinding flash of the obvious as well.Your note rate are all irrelevant to yield, return on investment, manager's rate of return or internal rates of return to an investor of a discounted mortgage.Mortgages are unlike bond calculations, digging deeper, as interest is received monthly unlike bonds paying quarterly, semi-annually and annually.

While I can certainly say my time is more valuable than using it for "semi-manual labor" tasks, for now it makes a lot of sense for me.

And it's a semi-custom home. $350k is my guess based on my knowledge of the area and what they bought it for at market height.