One caveat I would add is that in rent controlled environments there is no discretion to raise rents to market levels later on, so the prudent landlord goes for the small rent increases that are available each year (in my jurisdiction these are never any greater than 2.5%).I think the advice about establishing what market rents are and then charging them is correct in general, however it can be a little more complicated than that.

In our present political environment, it's an unlikely prospect - our federal government brought in legislation a few years ago allowing companies to bring in "temporary foreign workers" and pay them less than the standard wage for the industry in which they are working.The $15/hr proposal sounds like a similar idea to a living wage.

This loan segment has been negatively impacted by the economic environment found within the bank's market area and the resultant diminished demand for the products of such development and construction projects.

Looks like you're fishing in the wrong pond and I'd look at other markets that are not as competitive.

Any other wholesaler would love to have a really motivated wholesaler (as long as you are motivated and they believe in you) out there fishing for deals that he or she will get 50/50 of. 

I love to spend time outdoors hunting, fishing, ect.  

I hear your thoughts regarding the political environment here, and that is a reason to move with caution.

Regardless, it's helpful to realize that very few investors have made good returns or had good experiences in Detroit... that's a nice warning, especially for a small-fish, starting investor.

That's a pretty dicey situation to be in, unfortunately.Although I love dogs in general, having constantly noisy dogs for neighbors is a deal-breaker, especially in an apartment environment.

I think it will likely happen more as we begin to enter a rising interest rate environment.