I also heard Brett Immel was still doing business in Iowa, though I read an article that says he has been busted for lying during a bankruptcy hearing and may go to prison for 5 years.Would it make sense to contact the S.E.C.?

- Go look carefully at the numbers and you'll see this.If you could acquire more rentals and they threw off $500 profit each/monthly, how many would you need to make a living?

So, you still need to be careful:)

You can also search Google and read reviews.

You can wind up with title issues if you are not careful. 

When I do it at 20% down, I can only find negative cashflow, so I could be looking in the wrong spot, or I need to put more down, or I am missing something all together.I have read that making a 8% return or higher is what to look for, and I can find break even.

But I also understand some people don’t really care about the cash flow as much as the security of not having to worry about a vacancy or whatever.

Of course a visit to the county records office and -correct reading of the legal description would reveal that the tennis court lot was the one being sold.  

Do you know how to read the credit/criminal background?

Detroit is a great city to invest in one just has to be aware that is is a block by block city and to be careful