Do you currently own any rental properties? 

Still currently living there!

Quote from @Bud Meacham: Norcal, Bay Area, Sac,SF,San JoseHow are you currently looking for deals?

If you just take the 13,835 financed at 6% you are adding 83 dollars a month. so a double whammy.Now, lets consider if rates drop to 5.5% in 24 months (not a prediction just a what if) and you could have refinanced at a much lower costs then the above scenario in what you paid in pre-paid and additional interest. on the other hand, if rates for your same scenario after your 5 year payback period is 9, then you will have an asset with a much lower then current market rent.  

These were financial mistakes we made when we were younger, and unfortunately, they snowballed over time.We currently rent but own a rental property out of state that cash flows $600/month and has about $190,000 in equity.

When it was all said and done I still ended up being able to pull about 5 to 10k more out of it than I put into it.Current mortgage including taxes and insurance is $1,519 and it's currently rented for $2,546/month.Yes, you can buy a house at auction that you then flip and sell for market value.And yes, I have participated in online auctions.This reply is over a year old, but did you have the hard money lender you were using already in place before you bid?

I’m currently looking to invest in Kansas City, starting with a few fix-and-flips and eventually getting into residential development. 

Currently have two rentals and looking to grow the portfolio.

Hey Camille,It’s great that you’re exploring multiple markets and thinking critically about population trends and affordability—it sounds like you’re off to a thoughtful start.Regarding Detroit, I’ve invested heavily there and have seen firsthand how much potential the market has.

I just raised the rent $500 on our current tenants and now HOA just went up another $300 last month!