If you are trying to recoup some of the money you initially used to purchase and rehab the property and ok with using the purchase price and documented improvement costs you can get back to that money quickly.

So long as you have a plan to repay it quickly, I would say to go for it!

Here are some legal resources to answer questions: https://guides.sll.texas.gov/landlord-tenant-law/security-de...If possible, get your hands on a copy of "Every Landlord's Legal Guide" by NOLO.

Before you spend your money here, check out The Ultimate Guide to Grading Cleveland Neighborhoods for a lay of the land.

There are several software out there or you can just use quick books or something like that..

I strongly suggest giving a quick peak into the Detroit , Michigan market. 

One bad tenant can tank any profits pretty quickly. 

Narrowing down your goals and why you want to invest will guide your strategies.

Saw the listing of  "UNICORN ARMS" at 123 Main St. and wanted to ask a few quick questions/take a look at the proforma. 

Book a quick chat here.