So I learned the business of Construction through flipping as far as how it should look, fair pricing, the language of contracts, but with Nate I learned the strategic strategy and ready to get started building my portfolio! 

To be fair to them it had been a rental for 10 years and it took 3 inches of rain in 2 hours to fully expose the issue.

@Tyler GilpinEach HUD office in every County publishes FMR ( Fair Market Rent ) reports each year.Just google Name of Counit HUD FMR and it should pop up.You might have to dig around to find it.Or call the local HUD office and they will point you in the right direction 

I think knowing more numbers, heloc limit, plans and objectives for future goals all should play into "what is best".

Yes, I'd be looking to invest in a MF home (most likely 2-4 units) for a reposition play.

The caretaker would be required to assume paying taxes and insurance plus upkeep.Both units need a fair amount of work prior to being rentable now that it’s been vacant so long.

Make sure to get fairly fast internet if you'll host a lot of guests. 

If you have a relationship with the seller, if the property is fairly priced, if the seller is motivated, and you identify it as a deal, then you can send an LOI after the first call.

Eichholtz’s initial research showed that real housing prices (corrected for consumer price inflation) gradually changed over time, but were fairly equal in 1973 compared to prices in 1628."

Ugh, Madhuri, as someone who is heavily invested in Detroit and helps a LOT of out-of-state investors get started there, this makes me sick.I talk to about a dozen folks per week looking to invest in Detroit and I've heard my fair share of Flip Systems folks.