I just bought my first investment march of last year I gain over 50k in equity  .

If he bought this property ages ago for $33k and it is only worth $50k now, I just don't think that the juice is going to be worth the squeeze.

How many properties have you bought?  

I bought this building in June of 2007 for 714k 2160sf bulking was vacant.

In MN it feels like NJ and NY has long bought up every section of decent future developable land.

It all cash flows like a gold mine until the roof needs to be replaced, the main line goes, or you get your first turnover bill and need to upgrade a kitchen. 

So it's very easy to criticize these markets if you've never been here or really know anything about the area and are just making broad, sweeping generalizations, but if you have a strong team on the ground who can help you buy in the right neighborhoods and maximize your returns, you can do very well in this market, and I'm sure Detroit as well.I had a buyer who bought a duplex in Cleveland for 85k last year.  

I agree, I think they get bought by zillow 

Have you bought any properties yet?

How many notes have you bought/sold?