Same goes across markets.

I've done pretty well as a relatively novice investor in the stock market, just investing in S&P 500 tracking index funds.

Detroit is literally one of the, if not THE, best markets you could be playing in today.

Start by researching the market to choose the right city and property type while understanding the local economy.

I met with fellow investors & agents in these markets. 

Directed marketing to pre-foreclosures, a website with seo, networking, driving for $$, go to some local meetings.

There are always people entering the market and leaving the market all the while the many investors that do this for a living will stay and grab deals.

But not necessarily purchased below market value”market value”.Look, some of the “best” (most profitable) property I bought were purchased at market price - value, because the market didn’t recognize the value I was able to see, or didn’t have the information I had.  

Quote from @Joshua Janus: Quote from @Joe Villeneuve: Quote from @Joshua Janus: Quote from @Jen Anderson: Hi,I have some rental properties and I'm getting 5-6 calls a day soliciting me for an off-market deal to buy my property.

I am happy to share some info on these sub markets if you like.