new grass and mulch if you need.

@Wells H. you can spend DAYS driving through Detroit!

If you get a good deal on the price, my suggestion would be the second route to finish the renovation and try to sell.

Flipping could also work if you want to be more active and use hard money to get in with less cash upfront.What feels like the best fit for you?

Have you run numbers of the home as a rental using today's rents?

If you are working as a sub for me , you are interviewed , background checked , proof of insurance , license , EIN number etc .Sure hiring a illegal from a parking lot can be cheaper ..............Until they are not , they get hurt and file a claim against you , they screw up the job and it cost more to do it over than do it right .

Those people will help you in your area! 

For those interested, a combination of mortgages with no “due on sale” clause, mortgage companies loose due diligence, and title insurers willingness to “turn a blind eye” to practices that wouldn’t pass scrutiny now, resulted in tactics like the “second mortgage crank” which not only allowed investors to purchase properties with no money out of pocket but allowed investors to actually walk away from closing with “cash in their pocket”.

Whether you’re just starting out or you’re a seasoned investor, BiggerPockets has a ton of resources to help you along the way.

Real estate is a long-term play and cash flow is the last benefit you receive.