Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

The cash flow first, the appreciation to be the icing on the cake"  this sentiment is one of the worst I see on BP not sure who espouses this and why all these investors say the same  thing but that's really a recipe for disaster for the investors.If your leveraging RE to the max U know 20 to 25% down . 

As for repairs on the purchase of a home prior to auction there are some professionals utilized by the professionals for costs to repair the home in best and worst case scenarios.

Also, I'm not sure why you'd want to buy close to the station, as that would probably one of the worst places where you could buy IMHO.Hope this helps.

in fact, a light / cosmetic purchase is actually the worst possible purchase. 

We are down to the mid-tier, as we have already addressed the worst properties in the portfolio over the last two years.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

Quote from @Gerald Wallace: I'm playing Devil's advocate and running your numbers through the worst-case scenario.

Auctions are quite possibly the worst place to buy if you want to avoid repairs.

Ironically the lender I have it with currently has the worst terms.