At first I just started listening out of curiosity, but within the week both my wife and I became extremely interested in starting this journey, and now we're serious about learning as much as we can in order to eventually make our first purchase.

It's a fully functional home .. just needs updates .. which I can't do at the immediate moment, but can in the near future ..

That's the only time you can, in theory be in communication with the tenant.

A friend might fall out with me unexpectedly and leave me 600+ short a month.In summary, I can in NO way afford even a $200,000 house, unless it's a 4 bedroom with 3 rented out rooms bringing in money every month.

Cities can in act a new law or new code stating that certain areas assessed value will only increase at it current rate until a time that there is a rehab or re-development done on the property.

As if the loss of what amounts to a big fat federal subsidy from gov't-controlled Fannie Mae isn't going to be made up for elsewhere.

I believe i can do the same thing in the netherlands as people can in america am i right or wrong?

@Syed Lateef @Henry Lazerow  Thank you both, my partner Michael Kiriazis said he is already working with you, but would love to partner on something in the future and offer any assistance I can in Detroit. 

I've never purchased a house before so bare with me.1) What are the major problems with homes that you've seen that is a big fat "NO" as a rental investment?

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