BP,I've currently got two deals under my belt both performing close to my analysis.

Commercial loans are typically not for new investors, so you may need a few properties and a few years under your belt before the banks will work with you. ” BS Neal Johnson used to be with Everbank and now at USBank.

But general guidelines are Grandmont Rosedale, Aviation Sub etcD-E-F - Littlefield Community, Happy Homes, North Campau, Wildermere Community, Forest park, and even Fitzgerald belts etc.Where one can buy a home in the D-E-F suburbs property for 5-10K.Only on a Quit Claim Deed (not on a Warranty Deed though).Expect to pay 10-12K in back taxes and another 15-20K in rehab (perhaps have to deal with 1-2 feet of water in the basement and a 3-5K owing in Water to DWSD, or a caved-in roof to site a few defects to deal with) After the rehab the investor, won't or can't, find a legitimate tenant (with a Credit score of 620+) after the property is fixed for 775-800 per month for a 3 bed/1 bath (which is the ave in Detroit rentals)And this is where the horror stories of Investor "Greed" come from and disrepute to a City/Community.And the media laps it up. 

Once you have a few courses under your belt, start calling on local appraisers in your market to gauge their interest about taking you on as a trainee.

Especially for a newbie (I’m one myself, currently in the process of buying my first investment property), I think it’s worth paying someone commission to be sure that the paperwork is done correctly, you’re not being mislead, etc. in the beginning until you get a few deals under your belt and learn the tricks of the trade.

If I had a couple houses under my belt, this conversation would be totally different.Key is, all of my sellers know what I do, all of my buyers know that I don't mark up the price ridiculously so I can make my money, so they literally pay a small fee so they can make their money.I've never had a scenario where I've had to close on a house with my own money because I couldn't find a buyer, but if that day ever comes I know I'll be prepared for it.

General answer talking to a stranger on a street, i say use the FHA to buy a multifamily property, lower barrier to entry and you get that land lording experience under your belt and documented.

That experience alone will add more real experience under your belt than being a data entry monkey. 

At the end of the day this is just sports thats all it is.No matter what is going on there is places we don't go and to attack someones child on social media is below the belt and disgusting..  

Its actually riskier to work for flippers , especially the ones that dont have any experience or 1 or 2 under their belt .