The reason most inexperienced investors buy in Detroit or Cleveland is because of cheap pricing.

Basically they'll come up with reasons as to why the "guarantee" doesn't apply to your situation. 

I would encourage anybody with an SDIRA to consider switching over to a Checkbook IRA for some of the following reasons:1.

It's a big reason to think about estate planning, trusts, or just selling the house on your own. 

We're fortunate to have an above-average income and live well below our means.This summer, we’ll be moving to Detroit (PCSing in August), and we’ve saved about $120,000 to invest in addition to having funds set aside for the home we’ll purchase in Detroit.The reason I’m posting is that I’m struggling to decide how to best allocate the $120k.

Any smallerunits just make them equivalents of a 10 x15. 3 5 x 10's= 1unitAlthoughI am counting them all as the same, the reason, I say count by sizeis for when you build.Nowlets calculate "Demand":Numberof units needed (Step 1) minus Number of units existing (Step 2) =Quantity to build.Town1:500- 400 = 100Town2:300- 100 = 200Town3:andso on.Thiswill help you pick which town you have the greatest potential forsuccess.

highlight_post=6803139&page=1#simplified-forums__discussion__replies-containerI have no reason to alert you of this danger other than honestly trying to help you avoid the trap that the rest of us fell into.FOR YOUR OWN SAKE, DO NOT BELIEVE ANYTHING MARCO OR NORADA TELLS YOU UNLESS YOU SEE IT IN WRITING AND HAVE IT VERIFIED BY YOUR LAWYER. 

I know in Philadelphia if I had a 2 BR house it would be viewed favorably by tenants who are seeking 2 BR living situations because most inventory will be apartment style living and for this reason would achieve a rent premium.

Negotiating Price: What’s a reasonable offer given the current income and potential for more?

Focus on a market you like for those macro reasons then focus on finding a deal that works for you.2.