It will familiarize you with the basic terminology and benefits.

:)Just kidding.1) Stock market: may want to do this while exploring other options, just make sure funds are easily accessible2) Buy Multi-unit: two basic options:- Buy turnkey: may not cashflow for 3-5 years, depending on your management skills.- Buy someone else's problem: can you fix their problems?

The last 5 deals I bought were all basically move in ready, bought only at a slight discount after deals fell through. 

You'll want to put together a personal financial statement (basically lists of all your assets and liabilities) and have your tax returns ready.

Also, since you are unrepresentated, you can talk to agent about the buyer commission.

My wife and I owned, operated and sold five RV Parks; three to individual buyers and two to Blue Metric.

The limited housing supply has resulted in increased competition among buyers and higher prices. 

So it's very easy to criticize these markets if you've never been here or really know anything about the area and are just making broad, sweeping generalizations, but if you have a strong team on the ground who can help you buy in the right neighborhoods and maximize your returns, you can do very well in this market, and I'm sure Detroit as well.I had a buyer who bought a duplex in Cleveland for 85k last year.  

Bryson: Seller Financing OfferPurchase Terms1.Purchase Price: $215,0002.Down Payment: 20% of the purchase price, equal to $43,0003.Financed Loan Amount: $172,0004.Interest Rate: 6.5% per annum (fixed)5.Initial Amortization Schedule: 12 years (144 months)6.Balloon Payment:•At the end of 24 months, the buyer will make a balloon payment for 50% of the remaining balance of the loan.

That is to basically keep you honest, so they judge can tell you tried.