All complimented with Amazon fulfillment centers, google, and more tech manufacturing jobs.The bad reputation of “Detroit” comes from OOS investors wanting sub $40,000, D class properties in poor condition, because they pencil out to 2-3% deals on paper.

These cities boast a forecasted job growth rate of 38%, driven by a thriving tech sector, healthcare expansion, and a business-friendly environment, which continues to fuel property appreciation.

Still, I managed to lock it in for $145,000 by emphasizing how much TLC (and cash) it needed to bring it back to life.

Whether you are looking flip the property or hold on to it, getting a 6 or 12 month fix and flip loan doesn't lock you in for that time.

Unless you're locking up 10 acres in a large metro where a DR Horton or KB homes might come in, thats a little less localized.

I also think a lot of tech savvy motivated sellers can do better than selling a contract to a wholesaler.

A cash-out refi isn't really appealing with the rates and I'm locked in at 30 yr, 4.7% currently.

You lock in your interest rate and if rates drop you can prepay at any time and refinance at a lower rate without penalty.If the deal is commercial, whether commercial multifamily (5+ units), office, industrial, self storage, hotel, you name it...the choice becomes far more difficult. 

So it's like a tech tool for marketing yourself that works constantly. 

Quote from @Locke Tucker: Can you take the loss without completely ruining your finances?