Metro Detroit has huge opportunities...get in now as the deals seem to be drying up.

At this point I wouldn't say the market has dried up, but I go months without seeing a good deal.  

You'll notice a lot of the BP who are super successful,have tons of $$ and tons of properties, most I've observed are cut and dry-- what's on the lease, and what's your state law on it?  

(he only paid 10k for it at auction and put in maybe 10k for all the new dry wall and paint.) thinking MAO isabout 45kSecond House is a 2bd/1ba that just needs about 15k in repairs. an updated kitchen, paint and refinishing of the hardwood floors on the main level, a few cracks in the stucco and some paint. purchased for 45K and ARV is at 109k.

If you are in a dry climate like Texas, mini splits. 

If there is an electrical fire or if the furnace blows up, is that what is said at the funeral, I really liked that dumb poor old slob, I really helped him out with a place to stay dry, even though he died living there?

It could be anything from termites, dry rot, undersized joists for the span (design error), or perhaps some fasteners in the floor framing have failed.

If you can't control your DOM, your reserves may dry up pretty quick depending on how high you're aiming (most of what I have read has ARV's in the 150k type range, not sure where you're aiming).

I think what people have been trying to say, in a roundabout manner, is that there is no cut and dry, one size fits all asset protection scheme.

A foot of water and the owners walked without attempting to dry out and 3 months later after foreclosure mold is everywhere?