Thanks for taking the time to introduce yourselfMilwaukee is a great place to invest, I am heavily invested there myself :) Maybe one day I'll bump into you!

So whether or not it is best seems to depend heavily on the purpose of the raise, whether or not one has sufficient capital from their Regulation D placements for their projects, and one's tolerance for legal risk.

Detroit has had a bad rap but I've been there myself, I invest heavily there and so do many other investors.

I guess I just felt like water in an old basement when it rains heavily obviously doesn't negatively effect the structure of the home since it has likely been wet since 1938 ...and if it is not a living space, why does it matter to a renter?

I'm heavily involved in Real Estate, slightly involved in my grad school and brazilian jiu jitsu.

Be diligent,  you don't have to over pay for properties,  but you will have to pay more  than asking price (which are heavily unfervalued) and you have to keep at it.  

Granted I'm going to heavily screen people.I guess my current plan is to take the New York State standard lease, add a bunch of items into it that I want.

The new rules make it hard for you to heavily leverage yourself if you are just starting out.

Along with the link James left ya, I'd definitely also recommend listening to the BiggerPockets Podcast, especially the one with J Scott or Mike LaCava, as they deal heavily with the rehab stuff.

I, too, am here in Greensboro and have been buying and selling heavily since 2005.