From my experience, here are a few property management companies that my clients have worked with:ERA Solutions: They have a strong presence in C-class neighborhoods.Realize Property Management: Better suited for A and B-class neighborhoods, though they do manage some C-class properties.Ohio Elite Management: Primarily focuses on B and C-class neighborhoods.

What is the class of tenant?

But generally for the class B and class C properties you can expect cap rates of 7% to 9% in the mid west.

I would go for appreciation in Class A/B area and not try to buy the cheapest properties Class C.

@Aaron Raffaelli we call all the cities that touch Detroit, the Ring Cities - except the Grosse Pts.These cities are mostly Class B and are solid rentals.Detroit overall has gentrified to Class C, but at least a third of the city is Class D still.Check out the interactive map on our website and watch for whats coming...

10% is not going to exist, 15% still does currently, but it will be very hard to make work considering the current environment. 

Marty Boardman has classes where he teaches how to do pre-foreclosures and foreclosures.

As world economics and geo politics have become more of a constant, this Teak investment will serve for diversification in asset class, maturity- since you don't have to harvest, currency arbitrage since main customers are China/India/Europe. 

they think 3k on a how to class is cheap and it is.. and all of a sudden they are going to make huge return based on % but its still small dollars.. and how are they going to convince a wholesaler to even use them. 

That is more likely to happen with a blue-collar, middle-class worker than it is with a wealthy person.