put another way:-Go on Zillow and buy a random property in Detroit: fail, lose money, give up on real estate investing.

STRs are a great way to make money, that's for sure...but it does not come without risk.

I wanted a house for myself to live in and I had been living with parents for two years to save money.

I was able to get my money back in using business line of credit without touching or doing anything to the property.

Goodin Development has no filings with the SEC authorizing it to raise money, has not pulled any permits and is not mentioned in any of the numerous news articles discussing the development and the companies involved.If you are thinking of sending Justin Goodin or Goodin Development any money - THINK TWICE!!

We are considering stepping in and trying to buy the place, but looking for some guidance on STR and what kind of money this place can bring in. 

DSCR loans are not that low and regular hard money loans will be in the double digits.

If she's been living there during the foreclosure and not paying rent, then she what did she do with the money she would have used to pay rent? 

But even to this day the money is always the winner not me.. thats how you raise significant capital ..

Anyone can live anywhere they want if they have the money, and sometimes houses are bought and then rented out without much background checking on the people moving in.