[Note:  I though I had posted the above at lunch time today, but I see it is still sitting in the compose box.  

I also compose, produce, and play piano. 

I have an email that I've composed with all of my rental criteria as well as some FAQs about the property that I send to every prospect that inquires about the property.

that occurs on the 2nd Saturday of every month which is mainly composed of out-of-state investors. 

More than 50% is composed of the quadplex.

Some folks are better with talking to people on the phone, others at composing great letters, while others connect best when they meet people face to face. 

The cash #s are not as attractive in DFW but one must look at total returns which are composed of cash + capital appreciation.

As several people have mentioned, Detroit is composed of micro-markets.

Haha.I'm composing the list of those interested right now and will email out details in a day or two. 

They are all in stable neighborhoods composed of primary owner/occupiers in markets with strong 30 year population + job growth forecasts.Sources of risk come from a variety of sources, starting with (1) the market, (2) the property and location, (3) price you pay, (4) management strategy, (5) rental rate you set, (6) rehab budget, (7) service provided to your tenants and how strict you are with them, (8) your ability to attract and retain high quality brokers, leasing agents, inspectors, handyman/contractors/agents, etc, etc., (9) level of investment experience you have, (10) familiarity of the market, etc.As an investor, one of my primary responsibilities is risk management... my ability to fully understand all of the risks that I am taking and put processes/structures in place to minimize or control these risks.And if you are a successful risk manager, i have found that in REI you are able to mitigate the downside and generate returns that ARE NOT commensurate with the risks you are taking and do so by providing a triple win to your investors, your tenants, and yourself!