Why I haven't taken the plunge yet to actively searching or formulating anything, (kudos to you for acting) knowing what you want, comparable cap rates and estimates of cash on cash returns would  give one a quick filter to screen out properties before looking.

I've been writing and formulating our goals (my fiance and mine) for real estate investing and this doesn't allow for us to maximize our 1 property a year at least every year.

They outlined the strategy of formulating a Land Trust for investment property ownership for asset protection strategy.

Do not assume you will outperform the averages in the market.You also need to run some scenario analysis to make sure you can weather a downturn or economic event.Once you do these calculations you can formulate your offer based on your return requirements. 

At some point though you need to formulate a plan and go for something. 

As part of my investment plan, I formulated the following: Use a portion of equity in my current single family home for down payment to purchase an investment property.

There was recently a new HVAC installed.I have formulated my cash offer but would like to also present another option.

So a smart way to look at it is to calculate 20%-30% of the purchase & rehab amounts from you, plus have 6-8 months payment reserves in either a bank account of a retirement account (as the lender wants to know that you have an emergency resource for payments if needed).Many rehab lenders can supply a sort of pre-approval to you so that you have an idea of what they will extend so you can formulate a game plan accordingly and target potential properties.

Formulate your goals and vision, create a tentative plan, and pressure test it with a network like this.

I was told my credit score would be excellent to start getting loans to get I to what it is I want to do.I’ve heard many things about Detroit and how people are scared to invest in a city with high crime and all of this stuff, but for some reason I see a huge potential provided that due diligence is used when finding homes on certain streets and certain neighborhoods.My real issue is that I want to try and establish a network where I can purchase homes in bulk, fix them up, and start renting out to tenants but I’m having a hard time formulating this network when I live so far away from Detroit.