@Jonathan Plair you won't need a wholesaler in Detroit.If rehab is your game and Detroit where you want to play, find a buyer's agent and let them know you want a low cost home for a rehab or simply cruise HomePath.com in a zipcode you like and go from there.

I'll be cruising through all the forums to learn as much as I can to be able to acquire my first rental property.

Think of those giant Adirondack chairs at every cruise port or beach destination. 

Basically, the plan is mostly sweat equity down after each deal gets put on cruise control. 

If you want to have fun doing it, go on a cruise.

If it is a subject that others could benefit from also, please post here.I'm going to be spending a 37 night Cruise beginning Friday and this Book will be a big part of my spare time.

Thus far, we've cruised along with minimal systems and processes in place - collecting rent checks, running out for repairs, craigslist advertising, etc.

Also, it may not seem like a far drive when you're cruising around, but it would feel far when you have to run over to fix something or meet with the tenant for some reason.

The main driver for demand is the beach and Port Canaveral (one of the biggest cruise ports on the East Coast).

That likely doesn't cover your gas driving to just cruise by them so let's call it a wash.Not for nothing, odds are you'll be at a greater than 50% expense rate on a $525 gross rent property.