My rehab is crawling along but I'm doing it at a pace I can afford without outside money and I'm learning along the way (that I probably want to have more momentum on my next similar deal).

My rehab is crawling along but I'm doing it at a pace I can afford without outside money and I'm learning along the way (that I probably want to have more momentum on my next similar deal).

In the past, I have had properties where I was getting great CoC returns (30-45%), only to realize many years later, I would've been better off never owning those properties.Anyway, you are in a good spot, as you pointed out, your contacts can be great resources to support your REI journey.

I’ve been spending a lot of time on Bigger Pockets and reading articles to prepare myself before I begin - but I’m at the moment where I feel I am in a great spot to start.I’m interested in finding a fix & flip property in the Metro Detroit area that might offer a good opportunity.Any tips, tricks, or advice for a beginning flipper?

I will eventually buy in the Columbus market but for now, I found a sweet spot. 

It doesn't take long to learn how to spot a good deal.6.

Would love an update if you decided to invest, and if you picked a different spot, would love to know why! 

Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 10-14%Cash flow: $150-$300/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B- These numbers are based on the “sweet spot” in Metro Detroit.

Every market has its bright spot its great Agents and PM's etc.. its all personal choice.

You are in the right spot for sure, but this post is just a vague announcement.