That's not my style both because I don't want to be a slum lord and because I'm not investing in Detroit purely for cash flow.Yes, I know Ashley bought dumps in that price range and fixed them up and now they're worth more.

@Kelly DeWinterI thought we had it bad in NY, until I read some of the posts from you folks doing business in NJ.So, lemme get this straight - if I put up a camera on MY property in plain view, indoors, in a common area, and post a sign that says "area under audio/video camera surveillance" or something similar, and I record one word of audio (or a pair of hearing impaired folks signing in my lobby), I can be arrested?

Thank you Taylor.I visited the property yesterday after running the numbers: To make matters worse, one of the unit's former tenants were heavy indoors smokers, trashed some doors and toilets, and there was a electric line that was 10 ft from the ground.The upsides that I see:1] Long-term tenant in the next unit, Section 82] Close to the universityAny limitations to rent increases regarding Section 8 tenants?

The 70K is for the lot and the cabin (Ikea style).

At least more so than a set and forget style syndication.

I am in an area with very low worker supply so the rate is $135-$150 a sq ft depending on style and niceties.

If you're open to doing Airbnb-style, short-term rentals, being near downtown on the east side or between Old Colorado City and Ute Vally Park on the west side are great locations, and the returns can be pretty great. 

@Adrian EasterlingI don't hold any secrets, not my style.

The paint in other rooms is not great, mostly out of style and lots of different colors.

You can go the hard money route, fha 203k rehab, or conventional home style.