This one was run at roughly 20% equity at acquisition. 

We didn't buy much from the MLS and if we did, it was either a "handyman special" or it had been on the market 180+ days with a motivated seller willing to take less than market value.This will be the "new normal" going forward and a lot of newer investors will drop out of the acquisition market and just hold what they have.

Finally, and most importantly, no one succeeds alone.

Starting small with multifamily properties is my ideal preference at the moment, as I focus on learning, growing, and immersing myself in as much information, data, and real-time experience as possible.As I build my investment portfolio, I could definitely see myself being interested in scaling up to larger acquisitions in the future, but for now, my focus is on mastering the fundamentals and starting small.

Some people think it's easy and claim it only takes them a couple of hours a week, some people wouldn't touch it with a 6-ft pole.)Now let's look at the acquisition cost or capital cost: if you buy the $500k house with a mortgage with a 20% down payment, your monthly payment will be about $2700. 

I'd guess half of this final third eventually sold, even if several years later. 

Typically, as I'm searching for further acquisitions, I don't even consider deals that won't return at least a fast 300%, with no further CapEx, just by clipping-and-flipping.

You all have great points and I am excited to be finally getting started to learn what works best for me.

The rent-to-price ratios in many neighborhoods are strong, and the city’s population is finally growing again after decades of decline.One thing that stands out to me is Detroit’s median home price—around $95k—which is far below comparable cities of its size in terms of population.

I have had several cases where I finally got cops or government officials to only do their job after being very loud to the newspapers, but it does work.