My leverage on it will be extremely minimal;  one years' income would currently cover 4 years of carrying costs, and barring something like an atom bomb, I see no reason I wouldn't go into year 7 with at least 2 years income stashed.Since this isn't my "bread and butter" type of work, I just don't have the years under my belt of following the industrial market here.

But you'd never see me just go out to a bar and try to talk to people I don't know, or schmooz and mingle well at a party where I don't know folks. 

How do you navigate through Dodd-Frank?

Go to the search bar and look for "application screening" or "tenant screening" and you'll get enough to make your head spin.Generally, you want them to have a recent Landlord reference, make 3x the rent, and have a decent credit score.

@Dan Barli No, but that sounds like a great idea.

(see my blog and follow me for more posts)Many top investors are positioning themselves for an upcoming correction in the market. Here are some rules to follow to mitigate risk if buying at this point in the cycle:Buy...

I think it will be a good place to really network with good people.Renegade Detroit Investors meeting , November 6th, 6-9pm, Shields Restaurant Bar Pizzeria 25101 Telegraph Rd, Southfield, Michigan 48033.

When I have decided not to renovate bathrooms, I did decide to repaint and replace the light fixtures, TP holder, towel bars, etc.

Find a good local mortgage banker/broker who can help you navigate those waters. 

With your friend on the ground there, that can be a big help in navigating.