Think about it, your maintenance is the same per sq.ft. regardless if it rents for $500/month or $5k/month.To put things in perspective, my partner has a 2,000 sq.ft. house in Palo Alto that rents for $9,100/month.

@Carson M.From a renting perspective, I have been happy with my investment in Hazel Park.

If they want a fresh start and out of the mortgage then step in and help them through a short sale.

No one is going to hold your hand and tell you that you're in for $10k rehab in 5 yrs updated all the things the turnkey guy didn';t do. 2) the quality of your perspective renter will drop over time as newer rehabs by the Funds flood these low end cheaper markets.

Comment below with any advice you would like to give to a fresh newbie.

Just want to be clear and have the process fresh in my mind even though I have'nt tied up a deal but I have been getting some calls.

Sometimes it works, sometime it costs you more.The BEST way to know if you have a good deal or not, from a return perspective, is to compare the financial performance of a property to your personal investment criteria and requirements.

The value of your building is more equated to the caliber of your tenants than the caliber of your building, at least from an investment perspective.

Perhaps I am naïve but from the individual perspective this is like doing your own individual project with a bank, a builder, a project manager, and a property manager. 

I still think it has some potential as it is currently occupied and after walking through is in rent ready condition needing nothing more than some fresh paint and cleaning.