The appreciation could be 2% per year on that low price point property.

It was listed on Zillow for $110k and we made a low ball offer at $90k, ended up getting under contract for $95k.

Even at 280 it leaves you at $32k and after taxes brings you down in the low-mid 20's, with no hiccups.

However The barrier to entry in the REI teaching business is very low and a lot of bad players join the game.What you describe led me to come up with Ned's Rule of Gurus.The quality of an REI course is inversely proportional to the price

They were getting a fair amount of leads but most of them honestly were either duds or low end properties. 

With low inventory around the country, check the absorption rate in your town.

Aeroplan is probably my favorite because I can use my Chase, Cap 1, or Amex points and they have low taxes/fees. 

I have gotten pretty good with multi-families in low to low-middle class neighborhoods.  

I don't have experience with the Detroit Land Bank, but generally land banks are pretty reliable, but...they are low money buys (from $1 to $1,000) that require you to show proof of funds for the rehab.

It sounds like you did a lipstick flip with very low-end furniture just from your description and to succeed at MTR, you need make convenience a priority.