This is less of an issue here that what you all are describing.  

. - Just be prepared, because a motivated seller typically has a property with issues you need to be sure you can solve.

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

Address potential risks by explaining strategies like maintaining emergency reserves, purchasing proper insurance, and conducting thorough due diligence.

If it's rehabbed nicely, then you will no issues finding a tenant.

We had a record breaking online attendance this week, hope to do the same next month:  Top 10 Title Issues Real Estate Investors have to solve with Accurate Title

For example the license should not only have a cost but also require at least some compliance training targeting some of the most common issues/complaints.

Your biggest issue is that $50k may not let you get a nice house and have any reserves.

I also wouldn't touch hilltop with a 10' pole. struggled. old homes, over budget renovations, lots of issues. realtors push people here since it's the only place cheap houses close to downtown can be good but homes are 1900-1920.

I agree with some investors here, in Detroit you have plenty of opportunities to get decent cashflow now.Just use any Zillow like tool that sort listings by LTR cap rate, I use findvest.io they have decent vision AI filters to filter trash houses compared to mashvisor 26 doors and scalingJust make sure to copy and paste the addresses on spotcrime and don't buy in a warzone, and you should be fine.