ElectricalElectrical and plumbing inspections are best left to the professionals, but there are a few simple checks that can ensure you’re not buying a total lemon.

You are right, the current ARV is probably right around the total of purchase and reno, which does not justify for a flip in this market, assuming there's no potential unforeseeable costs, which left no cushion.  

I noticed some people in this thread turned there nose up on section 8 and lower class neighborhood rentals but in Detroit THE ONLY way to go is section 8 and anyone that tells you different when it comes to Detroit is totally full of it and getting less than 1/2 of market rent if there lucky.

I have a land loan that is 1 mortgage for 2 lots of land and am having trouble with lenders because the home is obviously being built on only 1 lot. 

Good to know about bigger buildings and more amenities having more rules, that makes total sense to protect the full time residents.

Obviously, they're all idiots.

But obviously if my rent is covered there has to be some other standard I should have.

I’d put 5% down (35k to close) with a totally mo of $2600.

Does the Total Revenue include cleaning fee?

Most of the lies are minor, obvious, and don't cause any issues.