Every market is also extremely different from the next, so there's no one-size fits all approach.

Screening right and extreme due diligence is always essential.

I had a neighbor who was extremely messy, and she couldn't ruin her granite either. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

If it was an amazing piece of property and/or if I offered seller financing with great terms and I marketed it well, it could sell in 1 - 3 months.I'm not sure if we're heading into another 2009, because that was a very extreme downturn, but over the past few years, most people I know have been offering a minimum of 40% of market value for land right, with many of them going even higher.

Your strategy sounds solid on paper, but moving extremely fast with lots of moving parts and a lot of debt. 

However, they’re also extremely well managed, with personal check-ins for every guest.

@Kyle Fitch an important distinction on this is your financing.

Often times you'll find these properties to be a little bit outdated, but are in great condition and extremely well kept.6.

Figuring it out in escrow and knowing your outs to back out are extremely important.