That's relevant because the city that was the "arsenal of democracy" became "motor city," it has now  become in no small part "mortgage city" (there are people who's families have literally done that transition, across a few generations, from grandpa building the bombers to dad building the cars to kid putting together the mortgages). 

@Ryan Kittrell You won't find such a clause because nobody puts that in writing... for obvious reasons.With no cash you'd make a better bird dog.Once you have some cash or have done some deals put a "study period" or "general inspection contingency" in your arsenal.

And you'll want to rely on a professional anyway, rather than your hairdresser's cousin or the wink wink nudge nudge guy.The 1031 is an incredible powerful tool to put in your arsenal. 

@Martha Saldana-Beene I would have preferred west Madison county - Madison, Harvest, Toney due to proximity to Redstone Arsenal and other employers along with just development patterns in general but bidding up would push my budget in those areas.

I've had success in Atlanta however I'd like to add another market to my "arsenal".

If you don't mind a little commute, a lack of municipal services such as police or fire protection, boarded up properties as neighbors, and have a well stocked arsenal of firearms, there are some neighborhoods in Detroit where you can have your pick of properties meeting the 2% rule!

Assuming the title search checks out, the major hurdle is coming up with the cash necessary to purchase which would be due in 24 hours after auction close.Weapons in my arsenal:~$50k cash in a Capital One 360 Account~$100k in a taxable vanguard account which currently has a $5k unrealized loss due to this recent dip in the markets.~$100k in various IRA/401k and their Roth variants which I would NOT want to utilize for this transactionPending title issues, we would be interested in paying up to $200k for this house.

One thing that I am always pushing is that for investors, a home inspection is a dual weapon in you arsenal.  

Best to have it in my arsenal so buyers have the facts and aren't paralyzed by fear

It sounds like a great addition to one's creative strategies arsenal--but there are a couple of things I'm still trying to figure out.