Pros: Diverse job market, low unemployment, great resilience during recessions, nice appreciation, 1% rule can be hit if you look hard enough, great economy, good schools, Midwest nice.Cons: Extreme weather at times (hot/humid summers, tornadoes/hail, brutal cold in Jan/Feb), high insurance premiums, property taxes also really high.

Buying hood properties with what is basically credit card debt in today’s market is so extremely high risk it borders on recklessness.

I use to mentor newbies at an extremely low fee.

I'm an investor and property manager who is extremely knowledgeable about the Garland area.

I'm not an expert, however, I am extremely experienced and if I dont have the answer I know where to find it!

Establishing a relationship with a few of them locally or nationally [if you have a network] would be extremely beneficial.

When I started, I used a $64K HELOC, and today, I’ve grown it into a $3,000,000+ portfolio.That being said, BE EXTREMELY PICKY with your first property.

Keeping investor money safe in this environment requires extreme amounts of investigation. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

Its extremely important when running tighter margins like what you're talking about to focus on age of HVAC, water heater, appliances, roof, etc.