Oversimplifying it just a bit, the investor profits from:- a non-refundable option paid by the tenant-buyer which gives them the right to purchase the property within their option period- the spread between the rent paid by the investor to the property owner and the rent paid to the investor by the tenant-buyer over the life of the option- the spread between the price ultimately paid by the investor when they exercise their option with the owner and the price ultimately paid by the tenant-buyer when they exercise their option with the investorClear as mud?

Once I have fixed it up and rented it out, I can make seller finance payments to her.

I'm a mortgage lender and investor located in St.

And do they care if I do rent by the room strategies?

What is drawing you to that specific location?

I currently work for a property management company also located in the Midwest so please reach out if you have any questions!

Just not sure how often they are getting rented

Here's a fundamental explanation to get your juices flowing:Assume a house costs $200,000 and rents for $1,500.

Yes, You can buy and asset, fix it up and rent it out to make money without you physically having to work for the money. 

I focus solely on Detroit proper because, in my experience, the rent-to-price ratios, opportunities for value-add projects, and overall market potential are much stronger there.That said, Detroit is a nuanced market.