Also, let's not change this thread into a political debate on the morality of the tax foreclosures in Detroit.

Please note the moral of the story...these deals worked because I bought way under market and had loads of room to cash the hard money/owner financier out.

The moral of the story is this ain't a project for small fry's.

For those who has high income already, additional CF often will boost them to the higher tax bracket and CF is often not the best strategy for them.  

If someone is renting a 4 bedroom , its going to be a decent size family,  get rid of the window units  boost rent 20 bucks ... you'll be thanking yourself when its time to sell and everything is updated 

The power bills can be really high as well.Good gym operators tend to have nutrition bars, personal training, etc. for multiple revenue streams to boost profit.I look at liquidity and net worth to prop up the business.

To me the confidence boost given by having other wholesalers on speed dial if a potential deal comes along is worth splitting the assignment fee.

I have no moral obligation to the midwest or any cities in particular, I'm just looking for a few cities that fix my plan and budget

The morale of this story is to do something for them. 

The fact that you only had to put 5% down really boosts your return on cash, which is the metric I like to look at, looks like around 12.5% and 19.5%.