Playing sports isn't forever and I know a 9-5 isn't for me, I am very much desiring to get ahead and learn how to build wealth from all those smarter than me! 

So, it is something to be wary of with the liklihood of choppy financial waters ahead. 4.

I am currently waiting on a rather large legal settlement to hopefully hurry up and get him his $16,000 or if we can find someone to go ahead and pay him off early (no prepayment penalty), which would be hopefully paid off sooner than later as well in exchange for a secured lien on the property plus repayment of the $16,000 plus interest short term.

Rent control on MF and if prop 33 passes (last polling I saw had it ahead) it could apply to all housing.  

This is my first time reading of your experience with this property were you able to complete the 80K in repairs ?  

This isn't to discourage you but to prepare you for the journey ahead.

It seems like I need to check further away from the DMV area.My feelings are if you want “cash flow” you should buy a bond (I really like the tips rate right now) there is next to no reason to buy real estate for cash flow, if you are going to buy you should buy with appreciation in mind, which is not to say that’s the route I’d go, I’ve been liquidating properties to put in stocks and money market funds over the last few years and u just did the math and I’ve come out well ahead, but just to say there are arguments for stocks/bonds, there are arguments for levered appreciation, but the cap rates pretty much anywhere aren’t worth it vs an inflation protected bond, especially since a 3/rd of inflation is real estate anywhere, you could get “cash flow” and inflation protection much easier through a tips.

I just wanted to give you guys a heads up.

What do you think about investing in Detroit, such as buying a house, repairing it and renting it out?

You would come out further ahead.