We have found some small apartments online in the detroit area but being from out of state we need to find a good realtor and property manager in the detroit area.

As of late I have become a bit jaded with the business, specifically dealing with architects and clients, which is a major source of inefficiency. e.g when a simple design decision takes over a week to make it tends to slow things down a bit:) I do love building and it is a satisfying creative outlet for me.

I've got one good pool of capital to put to work for my second round of major purchases and trying to make sure I am looking at it correctly for cashflow and moderate downside risk.

@Michael Dunn Based on what you're saying, I think the most important item to research is how much of the areas with the lower priced properties are majority rental areas.

A majority of all those RE acquisitions were closed without basic RE fundamentals as part of the deal causing them to play a major part in the housing crisis as they were not structured properly and/or in fragile portfolios that quickly crumbled with the first sign of trouble.Flash forward 10 years to 2016, minus the banking industry’s participation, we are seeing the same industry practices that played a major role in the last bubble.

I fear if he does not get some honest feedback and help this person will lose if not all but the majority of his investment..

After looking at the property, there is major burn damage.

I am not sure if this is the right number to use this because one of the major advantages in the subject property is it is 7 minutes from a major train station that takes people into New York or Philly and this is extremely valuable.

@Kasan Kelley Ive always had a love for Real estate as well i went to a Vocational high school and my major was carpentry so i have a small background in the construction aspect of real estate but just like you said i was always one of the ones that thought it takes money to make money as well lol.

They're always having sales, they do free delivery; these can be ordered online and they'll haul the old one away free of charge.Gail