Worse case if it is done/sold within 8-9 months and I profit $15-20K I'll be happy with my first big project.

Also, consider this copy & paste advice below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

How to do you first property? 

I mainly am curious how people have raised capital for their first properties. 

I spent a winter in Palm Springs and brought my plane down there and you talk about some wicked winds ..

The wealthy live where they want, the middle class live where they can afford, the poor live in whatever's left over.

@Joseph Gary there are Class B Neighborhoods in Detroit and most of the Ring Cities (suburban cities touching Detroit) are now Class B.We've got it all mapped out @ our website.DM us if you'd like to discuss more:)

Property ClassProperties are categorized by class, impacting their quality, condition, and investment profile:Class A: High-end, newly built, prime locations, attractive to institutional investors.Class B: Good quality, older than Class A, with minor deferred maintenance.Class C: Older properties with dated amenities, but value-add opportunities exist.Class D: Distressed properties in less desirable locations with high risks but potential for significant improvement.4.

Hi Denise,Congrats on taking the first steps toward real estate investing!

Get that bench strength first and then you'll be ready to move forward quickly and seamlessly.Best...