I have also looked into becoming a HUD landlord which would at last guarantee 80% of mortgage if things get even worse and people are defaulting on rent.It feels scary to purchase something when the economy is so unstable and interests rates so freaking ridiculous, but my dad whose been in the mortgage banking business his entire career, said the rates we saw at 3% are just not the norm over the long term cycle. 

This is a long shot, but it sounds like she could be mentally unstable.

Too early for appreciation, and too unstable for cash flow in Detroit itself.Suburbs are great, depending on which ones...where within those "which ones".

seems the lower priced condo units are more affected due to the unstable economy as most of these are bought on bank loans. the higher end property market seems more liquid, mostly cash transactions. more of a struggle for us landlords to find tenants these days in the CBD since most employees in our market have the option to work remotely. 

My experience is that many of them appear to travel because they are mentally unstable and/or addicted to medications and wouldn't last in a long-term position.

@Amanda Thompson I love SEC 8, especially in a market like today where renters income can be unstable.

I look at some basic fundamentals of a market that MUST be there or else I walk, even if a property is $1.00 because I just don't need the headaches that come with a declining unstable market.

Includes 64 individually deeded units in one housing plan with tremendous upside potential. 8-10 units currently rentable. 3 structurally unstable units possibly need to be demolished. 51 units require gut rehab including water/sewer, gas lines, new electric service, windows, doors, roofs, furnaces, hot water tanks etc.

One of the great things about being an out of market investor is if the numbers work they work.That being said, if you have an attractive package of doubles in Broadripple, Butler/Tarkington, Irvington, or Meridian Kessler it should move fairly quick.Outside of the 465 loop you'll find many of the newer "vinyl villages" that still have lots of HUD,REO, Foreclosure and prices are still unstable.

One other option we’ve thought of is looking at Mund’s Park/Flagstaff area for a 2nd home/vacation property (only 10% down), but I worry that those markets feel more unstable in comparison to Phoenix with the uncertain future market.Would love to hear some thoughts.