I invest in Detroit as well, and it's a city full of opportunities if you take the time to understand it.A couple of quick tips: Get familiar with the neighborhoods—Detroit is very block-by-block, and the difference in property conditions or tenant quality can be drastic just a few streets apart.

Pick an area that is within a 2 hour drive or a 3 hour nonstop plane flight.Get in that market and really learn it neighborhood by neighborhood block by block.Local market knowledge is every investor’s competitive advantage.I do MF deals in Greenville SC where I live and already own 400 doors.

I made enough mistakes to cause enough pain so that I crawled into a corner and curled up in the fetal position for 30 years.

Since this house is one I Airbnb part-time and live in part-time it's more painful because I have to experience and see all the issues myself!

It bitcoin IS block chain innovation. 

thats 4200 in lost rent at 100 a month it will take you 42 months to get that money back.. and if you keep waiting it just gets worse.. price your rental to be the BEST priced one on the block the first one to get occupied not the last. this is were competition for rentals can bring rents DOWN and does. do the math..

I know lease prep is a pain, been working on them and there are lots of new regulations and it would be easy to screw it up. 

The time it takes for the draws from tenants and then the ACH transfer to you leaves you getting pain on the 7th or 8th of the month, the $1 ACH transfer fee is an annoyance that has drawn some complaints that are as petty as the fee feels, the new tenant application features are sub-par, and I'm not sure how well it properly informs tenants of the additional charge for credit cards as I got panicked texts about the added fee from a tenant already going through some hardship.

You can get a block shot of the neighborhood as well which shows you what the other houses are worth.No, you aren't an appraiser.

I also liked the fact that it was structurally sound with concrete block construction, a tile roof, and high elevation.