Yet there are some new condo developments, prime night clubs, art galleries, a casino all within 1/2 mile tops and its a short ride to Center City Philadelphia & South Jersey(I95 & 76 near by).

Business associate today gave me these ideas to add to all the great advice when marketing on a low budget to find wholesale deals:Place we buy house sign on your car.Place business cards at gas stations, ATM machines, casinos, and inside books at bookstores.Ads in thrifty nickel.Mortgage brokers for leads.Cold calling for leads.

There really is no reason to go there unless you want to for casino, tigers, lions, redwings.

Sometimes people may work in many states and will be required to file tax returns for many states.Real Estate Real estate is a common way to create a presence within a state that will mean filing a state tax return.Lottery or Gambling winnings There are any number of people surprised to find that they owe not only the feds but a state for winning a state lottery, winning the pot at a casino in another state, traveling to a game show and winning a prize.Business Income This gets much more tricky.

I don't expect labor/material pricing to get lower in the next 10-20 years but if these home prices don't quintuple or more there won't be any new construction in these urban neighborhoods.Here are a few links about things going on in Detroit somewhat related to accelerated demo of some blighted structures in the city:Detroit to get $300 million in federal help - Sep. 27, 2013 - CNN Money http://money.cnn.com/2013/09/27/news/economy/detroit-federal-help/Ford Foundation donates money to help Detroit manage its federal grants http://michiganradio.org/post/ford-foundation-donates-money-help-detroit-manage-its-federal-grantsBill Pulte: From Home Builder to Detroit's Unlikely Blight Buster http://www.forbes.com/sites/joannmuller/2013/10/09/bill-pulte-detroits-unlikely-blight-buster/Gilbert: Tear Down All Of Detroit’s Abandoned Homes At Once http://detroit.cbslocal.com/2013/10/01/gilbert-tear-down-all-of-detroits-abandoned-homes-at-once/Plan to eliminate blight in Detroit may top $1 billion, task force says http://www.freep.com/article/20131212/BUSINESS06/312120137/Detroit-blight-Quicken-GilbertDetroit bankruptcy judge orders company to stop collecting casino revenue (Access to about $180 million a year that was flowing to creditors from its casinos) http://whtc.com/news/articles/2013/aug/29/detroit-bankruptcy-judge-orders-company-to-stop-collecting-casino-revenue/http://www.freep.com/article/20130903/NEWS01/309030148/Kevyn-Orr-William-Buckfire-depositions-Detroit-bankruptcyFederal, Foundation, City and Corporate Investment Areas in Detroit http://datadrivendetroit.org/web_ftp/Data_Mapping/InvestmentAreas.pdf

I like getting that money into my pocket before Best Buy or the casinos get it.As far as repairs go, my contract says that I will fix any repairs (unless the tenant causes the damage) and add the cost of the repair to the purchase price.

I still do own my 4 acres in Rohnert park that is right across the street from the new Indian casino and was brought into the city as mixed use residential..

Don't forget to contribute to your favorite animal advocacy and put a few coins in the slots at your local Indian casino, just as a way of giving thanks.

LolYou will be fine if I used the hey you don,t get any cash flow argument that op have posted I would have never bought the 4 acres I own in Rohnert park that is now directly across the street from the casino and is coming into the city as mixed use resi.  

@Kendall T. well wow, if its a blessing from God you are nuts to even think of selling it.We won our Mustang in the minor den of sin: Atlantic City casino on our way to sin city Las Vegas.