This was a cheap way to get in, learn the property management ropes gently, since I lived on site. 

If your meeting with a realtor that is going to represent you, and they tell you an offer will waste everyone's time, then it's time for a gentle reminder. 

We have experienced some twists that have caused us to consider flipping the property instead of  holding it to rent.

Not trying to twist the knife once it's already in here, but you also aren't accounting for other expenditures such as taxes, insurance, vacancy and any other ongoing maintenance.

By the way my market is Michigan I’m a Detroit native yes property is cheap in some areas but don’t get it twisted Detroit has some areas with high value here also there are surrounded cities with great markets as well.

So rental upside is not super huge.Please be gentle. 

That's some twisted logic!

Also, the example of lender's shutting down HELOC's.Successful navigation through these turns and twists are when you earn your money.

Gentle mockery?

Originally posted by "msedwick":Really, you don't need to concern yourself with the sales commission if you are the buyer, other than the fact that buying through a realtor means you can't do a "no money down" deal.Please be gentle with me if this is a very naive question: Why does buying through a realtor preclude a "no money down" deal?