Do you have a price range you're targeting? 

Do you have a price range that you'd be targeting for your first property?

Something like this would be in the range of needing $200-300k to get done.

For owner managed properties like this we see expense ratios in the 35%+ range. 

Quote from @Casey Wilson: Hi there, I was wondering if any Detroit-metro experts from the PB community could offer advice on what areas in the Detroit-metro area might be worth exploring for rental properties (ranging from single family homes to 5+ unit apartment complexes).

Our investment to value (ITV) in the notes we purchase is usually in the 50-60% range, a significant amount of equity to protect our position and our private capital position. 

@Jaycee Greene I’m looking to buy another 2 unit duplex, prices are ranging between 500K - 650K.

High end vs mid range?

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

A general range tends to be 85% to 100% covered.