But it is always better to buy than rent in my opinion, so I bought the best investment I could find based on my knowledge at the time.Sorry for the long-winded response!

They’re asset-based, meaning the loan is secured by the property itself, and they often have quicker approval times but higher interest rates (think 10–15%) and fees.

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

To be honest in today’s market I’m not seeing nearly the amount of wiggle room in renegotiating a price based on repairs.

I have been looking at properties and it seemed like the seller s  based their price on zero percent cash flow for the buyer.

They have had many drawbacks in the past but they are quick to put out new features and do actually make changes based on comments in the forums.

Since you are based in California, do you know of any good CPAs who are geared towards real estate investors ?

Then based on purchase price and escrow I back into how much money I would need to put down to reach my cashflow goal. 

@Kevin Connauton, I agree with you that although Pad Split is a great choice for getting the rooms filled, they don't cover all your bases in terms of property management.

Unless you are based in a community property state.