After my daughter was born I've decided to take it seriously, actually learn what I need to so I can make informed decisions and finally start on this adventure.

Check out the 10-year price history for Detroit. 

I left my corporate job last year to stay home with my daughter and focus on our real estate business.

Verifying last 2 years of rental history very important!

My daughter is WAY up the ladder at Intel really enjoys her job and is financially set at early 40s..

Would you let your daughter out of the car ? 

.- Research the Flipper:Look into the history of the flipper or the company that did the renovations to assess their reputation and track record.Be Skeptical of the Cosmetic: Look beyond the surface-level improvements to understand the true condition of the home.Taking these steps can help ensure that you are making a well-informed decision and investing in a quality home.

I'd recommend researching areas to see that they have:- Low unemployment- High demand for housing - relatively low inventory- local job creation/booming local economy- high avg/median income- increasing population- low average days-on-market (DOM)- history of rent and property value increases YOY- low crime- highly-rated schools (or above average)I'd compare the target neighborhood to surrounding neighborhoods and/or nearest metro areas. 

Not every state requires it so they may not have one thats not a deal killer but if they are go to NMLS public look up very easy  you can see history of the company and loan agents.4.

If the property is rented, examine the current lease documents, rent roll and rental payment history over the last 12 months.