Now Midtown and Corktown are picking up.The biggest hurdle facing the neighborhoods in Detroit has been the abysmal level of public services, especially lighting, fire and police.

If you are up for a bit of light reading, check out these two posts for exactly how I do this whole process!

The reason for a double rod in the bedroom is so the tenant can put up shears for light/privacy and other curtains for decoration or to make the room dark.

Hey @Jon KlausWhat do you call the rectangle wood feature that the lights are hanging from over the sink?

Thanks JoelI'll try and give you answersCash in the bank.I'm guessing I would like a 10% return after tax.I'm 58 and retired, I would be prepared to be a little involved.Thanks for the warning.

At 110k, given your numbers, I see about $565/month cash flow and a 20% ROI.25% down plus 6k for the sewer fix(rolled into the loan) plus 5k for closing for 34k out of pocket to close at 110k purchase price.Here are your expenses as I see them:Mortgage Rate 4.75%Length of Mortgage in years 30Monthly Mortgage payment $453.83Taxes $125.00Sewer and Water $208.33 (I accounted for borrowing 6k to remove this expense, but I figured it would take at least a year to switch the tenants over)Trash $- (this was my big question)Heat/Utilities $25.00 (Manager's electrical, outdoor light, etc)Cap Ex and Ops $300.00Insurance $158.33Mgmt Fee $230.00Vacancy $230.00Total Expenses $1,730.50

Hopefull Bill Gulley will chime in here to shed some light

I purchased this property about 30% below market value as the seller was ‘highly motivated’ and will put another estimated 10k into the property by redoing the floors throughout the entire house, painting all the walls, updating the bathrooms, changing out the entry doors, light fixtures, and finishing the laundry room.

Your right Roy the abuse button is below our comment posts/beneath the "Quote" button...it is just hard to see since it doesn't show up until you place your cursor near it and it is light gray.

Can anyone shed some light?