The idea of taking some real steps in real estate has absolutely captivated me... and I'm really interested in the prospect of investing in Detroit as a long distance investor.

Do you tell the prospect tenants to fill out the application form first before scheduling a live tour?

I'm optimistic about potential appreciation in this area.C) 1031 Exchange into a Rising Market: I'm eyeing markets like Columbus, where the growth prospects seem promising.

The laws have addressed this since the 80sWe routinely still review prospect returns, some prepared by the Big 4, where there is incorrect reporting!

About 6 years ago I started developing relationships with agents and prospecting out of state markets to find the best possible deals and cash flow.

The great thing about either marketing system is that they give you a prospective seller's phone number.

Let me start by saying that I am a new landlord or at least a prospective landlord.

Always do a math analysis and try to look at the prospective property before you make an offer or at least have a clause in the sales contract that will allow you some time (about 15 days) to do a detailed inspection and possibly back out of the deal without a penalty that will hurt you too much.Do not try to do everything yourself.  

That's certainly open to change but I've said all along that if I can find a good deal elsewhere, I'm not going to be deterred because of location.

I’d managed the properties myself, and the prospect of trying to do that while living out of state seemed unrealistic.