Lending favors w2 employment.Self employed have; Non of the above. exactly my point if your going to be self employeed you need to make a bunch more than your salary with bene's.

Eichholtz’s initial research showed that real housing prices (corrected for consumer price inflation) gradually changed over time, but were fairly equal in 1973 compared to prices in 1628."

If you have a relationship with the seller, if the property is fairly priced, if the seller is motivated, and you identify it as a deal, then you can send an LOI after the first call.

Ugh, Madhuri, as someone who is heavily invested in Detroit and helps a LOT of out-of-state investors get started there, this makes me sick.I talk to about a dozen folks per week looking to invest in Detroit and I've heard my fair share of Flip Systems folks.

In my opinion, you need a standard (eg. no felonies) that is written and followed consistently to avoid fair housing issues. 

Most investors don't even need a single LLC, never mind a bunch of LLC's in different states or anonymity or privacy or an S-corp etc.

Also, it seems fairly safe for someone like myself- looking for a first investment and of course building wealth, but perhaps even more, trying to "get my feet wet" and learn the processes while getting a feel for real estate.

The issue is legally be allowed to raise rents and getting around what the city believes is fair market rents.

Unbeknownst to everyone until of course we had to replace some drywall and all these needles came pouring out.... hahahahahaha I had some experience too, except it's bunch of pills.

Look back to world's fair in the 60's, countless hair-brained crazy head-in-the-cloud's ideas of true creativity that foster into real innovations.