Specifically, where are the opportunities and how do you spot them? 

For the one's not in Miami or in primo spots of coastal FL, $22k/unit is very good.

That’s what I’m talking about.. having people on the ground who know their turf and can spot trouble before it smacks you in the face.From what I’ve heard, outfits like Northwest Preferred Property Management or Umbrella Properties in Eugene aren’t just running the numbers.. they’ve seen the weird mid-season repairs and the tenant personalities you’ll never read about in a textbook.

Like when a tenant is a disaster, you are going to move that one down in some spots.

They love having the short-term rental properties since that gives them a spot to stay while they're in town! 

In my experience..from what I read in Forbes..it’s not unlike discovering a great local coffee spot: once you find one that nails the roast and atmosphere, you tell everyone who’ll listen.

They might spot arguments or angles you hadn’t considered.

It doesn't take long to learn how to spot a good deal.6.

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

It doesn't take long to learn how to spot a good deal.6.