John Bianchi has some great free videos that I highly suggest watching that will help you analyze markets. 

The way I heard it explained is that you take over the existing mortgage and then you can either rent it or transfer the mortgage to someone for free but the videos I’ve watched never say anything about giving the seller anything other than money down to lock it up.

Be sure to explore, network, read, watch, and ask questions.

Be sure to explore, network, read, watch, and ask questions.

Not only do I live here, but I have watched it EXPLODE over the last five years.

I keep track of everything in a spreadsheet and am watching and learning how this specific market is reacting to rates, motivated sellers, first time home buyers, and investors.

You can do this by turning the shutoff valves off and watching to see if your water meter still runs.

I don't even have a real estate license nor do I have any real connections to real estate professionals/investors.Outside of real estate, I enjoy spending time with family, watching anime and swimming.

@Joe Hammel - an MI native partner and I have also been watching Detroit (and its resurgence) along with surrounding areas for a while - would love it if you would send that breakdown my way as well! 

I'm planning to grow it into other areas of real estate investing.Outside of real estate, I enjoy spending time with my three teenagers, traveling, and binge watching Netflix series.