So while you blow smoke and mirrors and a bunch of virtual baloney I’m sharing about what’s really taking place on the ground in Detroit.

I doubt many are going into credit card debt or if they are that's kind of crazy.. as this part of real estate has no smoke and mirrors generally.And I suspect because most of these folks are doing some sort of PPM and need to deal with accredited investors.. that separates those wanting to start to those who have already had some financial win's or experience and just looking for a new avenue.. 

May it is all the beer cans I see in the garbage can along with the cigarettes and weed I smell.

Its been great while working in the house with the rehab, however I am concerned with a Tennant taking advantage of this: smoking inside, not opening the windows while running it causing a backdraft from other appliances like the water heater which would cause it not able to vent to the outside properly, and I'm sure there are others. 

I got a couple quotes to install 4 smoke detectors - $1200 and $750.

I personally like House-hacking as primary choice in this market, followed by a light rehab BRRR, lastly would be flip or long term hold (unless you got a smoking deal!) 

We were high on adrenaline from the event but after we got home and the smoke cleared we realized that we didn't really need what they had.

Purchase price: $72,000 Cash invested: $40,000 Sale price: $180,100 I found this great little house coated in smoke but solid.

If it is mostly smoke damage to the interior it will be ok, but if the roof caught fire and burned away that's a whole different ball game.

Unfortunately with tenants you can't trust them to keep up with things like replacing furnace/ductless filters,  smoke detector batteries,  or sometimes even light bulbs.