And naturally I want to focus on areas that provide the highest profit potential. 

I think (emphasis on think) I have found a deal for me but here is my situation: I am a recent college grad with no 2 year income (just yet) and I came across this property inHamilton, NJ, in which i need between 100k - 144k after all costs (rehab, closing, 20% down payment) I do not have this money as a 22 year old, so I naturally wanted to get an FHA loan but the problem is, its a quadplex that has all units occupied, so i cant really live here because there would be no space, unless there is a way around this.

For anyone on here who is a local investor, what are some highlights I can incorporate to be more persuasive and help prospective investors to overcome their "fear" of investing in Detroit? 

.- Wall color: light gray, satin gloss- Trim color: natural white, semi gloss- Trim type: 6" baseboard- Counter: Quartz, eased edge (https://www.lowes.com/l/quartz-countertops.html), $44sqft "A" class, gray--forget the name, or the beige (Tina really needs to go the Lowes and look at all pieces together.- Backsplash: Picked out already.

Beyond Real Estate:I love traveling, meeting new people, spending time in nature, seeking adventures, learning new things, and always up for sports (playing and watching).Super pumped to dive into discussions, swap stories, and learn from all of you.

Another suggestion is for you to shop for a natural gas provider to reduce your costs.

If this was a standard rental process then yes, I'd recommend going through the process of applications/screening steps, a background check, and then require the deposit; since it sounds like the house is being rented to transient workers though, the very nature of the work situation calls for a bit more flexibility on the renting end. 

Talk to your CPA / accountant but if you are in texas and buying in texas, they incorporate in texas.3.

For further details on this parameter, please consult our user guide.We have allocated a budget of $15,000 for renovations / refurbishments.The purchase price of a 2-bedroom / 2-bathroom unit in this area is $498,000, with 5% of this price allocated for closing costs.A turnover cost of $175 per booking has been factored in, with no rental management fee assumed, indicating that you will manage bookings and cleaning services independently.The mortgage rate is set at a fixed 7% per year, with an 80% loan-to-value ratio (LTV) and a 20-year term.For the remaining parameters in our financial model, please refer to the image above.Taking these values into account, below are the results of the financial case study.Some insights:The results show the anticipated performance of a 2-bedroom / 2-bathroom unit in the southwestern area of Okaloosa Island, Florida.Expected gross revenue amounts to $78,240, derived from 47 bookings with an average stay of 5 days at an average daily rate of $325 (inclusive of cleaning fees).Total yearly expenses add up to $68,014, encompassing various costs from private mortgage insurance (PMI) to property taxes and annual loan repayments.The cash required for this deal totals $139,550, incorporating the 20% down payment for the mortgage, 5% closing costs, and the $15,000 renovations budget.Pre-tax net revenue stands at $10,226, representing a 7.33% cash-on-cash (CoC) return.The annual return on investment (ROI) is 1.9%, excluding value appreciation.

Side note: Keep in mind some items are naturally low profit margin work and some are high profit margin work.