Dan Gilbert has been a huge force when it comes to investment as well.I'm happy to point you to some resources if you want to dive deeper.

Just watch what tree you bark up, you could get the wrong dog.The cash balance you hold is great to hear, but how deep are you?

There will be little to no detailed records of expenses as this is quite an old-school landlord that is not willing to dive into the nitty gritty.

I threw myself into education so deep that I'm fairly confident that there isn't a book, course, tape set, cd set, made from the time ....How to make friends and influence people,(a book on tape, which is mandatory reading if your serious about this business),  all the way to every guru's advertised course  up until the year 2000.....

For investors, making informed purchasing decisions and gaining a deep understanding of the market is essential though.

Start by learning the real estate basics, study the market, set your goals, get a team of experts, make friends in the field, look into how to pay for it, begin small then grow, do deep checks, and go for it.

Is it worth diving into a full bathroom/kitchen gut (unpermitted/handyman not of my choice) possibly revealing more issues or just paint, new cabinet pulls, switches/outlets, lights, etc?

Quote from @Engelo Rumora: Quote from @Michael Smythe: @Sunny Karen let's do a deep dive on this property listed as sold on their website:15095 SORRENTO ST, DETROIT, MI 48227if you do some searching on Zillow, the property does NOT show as sold and the last listing is from 03/17/2020.

(Yes I know there are other restrictions/conditions.)In the past, I have toyed with the idea of a vacation/rental property in Ocean City, MD, Rehoboth/Bethany/Dewy, DE, and/or the Deep Creek Lake, MD area (I like the idea of being within 3 hours of the rental property in case something goes horrible wrong and I need to travel to the property). 

And within these areas, what property types would you recommend diving into for a solid investment?