Real estate investing is forgiving; the average person can still make money even with some big mistakes.

@Ed Lopez our thoughts:1) $65 is average hourly rate for handyman in Metro Detroit.

.- bank integration (download transactions) a must- no employees, so don't need payroll- if it'll bill that's awesome.

On average 20-40% of the property’s components can be depreciated over a shorter useful life which can result in a much lower tax bill and increased cash flow.

If it's way out of whack with the market average, dig deeper.Debt Service Coverage Ratio: Key for nderstanding if the property's cash flow will cover financing comfortably.Historical Vacancy Trends: Especially in areas like Chicago, where local job markets fluctuate, knowing vacancy trends can help you anticipate rough patches.Rent Growth vs.

Drawing from your industry expertise, what would you consider the average success rate for Fix-and-Flip investments, and which localities offer the most potential?

But I do not buy bottom barrel properties in bad locations (busy roads, crime, eye-sore views) instead I focus on making a property one that the average modern family will want. 

Real estate investing is forgiving; the average person can still make money even with some big mistakes.

Las Vegas's average annual population increases by 40,000 to 50,000 per year.

So I'd start where you could buy the average home in the metro area and then look at average rents and start looking at that.