My focus is on enlightening those who may be uniformed. 

You would avoid the possibility of non-performance due to heightened stress (again, job on the line), and their level of effort in filling the unit regardless of their success will tell you much more about the person that you hired.

Your zen based yoga instructor who meditates 9 hours a day before reaching an enlightenment level appropriate to buy their $12 latte won’t fit well with a frat party in the other unit.

I'm not from Detroit but here are some news articles and numbers on why you might want to invest in Detroit.1. http://www.nbcnews.com/news/china/chinese-investor...2. http://www.mlive.com/news/detroit/index.ssf/2015/0...3. http://michiganradio.org/post/kresge-foundation-pl...4.http://www.detroitmi.gov/News/ArticleID/195/State-...These are just a few articles to enlighten you.

Also, the IRS loves to take a closer look at Schedule C filers, so beware of heightened scrutiny there.

Great thread, and I especially appreciate @Joel Owens insights, as I am at a point in my life that I am starting to explore my different less active RE investing options and Joel has previously enlightened me about STNL/MTNL as possible options to those ends.

We can't put aside that razor sharp insight from such an enlightened denizen of progressive thought in light of a few pesky facts.

Thank you@Ashish Acharya Thank you@Scott Smith Thank you Scott, it is very enlightening !

I can understand investing in notes backed by real property.I can't understand intentionally buying a non-performing note.In either case, the only security is a position in the foreclosure queue, but unless you're in a position to buy out all superior notes and liens, you loose.Can anyone enlighten me?

It's just getting a deal that meets my required returns.I also talked to my PM who enlightened me on a few things regarding the rent range and prospects so if they meet me half way it could be doable.