Now you say you wouldn't mind being charged $50 per showing fee, they show it 4 times your already at $200 ($16/m)+ background checks, $200 ( $16/m) + maintenance issue ( if that includes lawn and snow) that's easily $200 / month there, etc.. are they going to charge you for collecting the rent and depositing the rent ?

Again, common sense needs to be higher for this type of investing.. people who just throw money get easily disappointed when they buy the place next to the crackhouse, and wonder why it's not renting?  

I own a couple of rentals and have a > $1M net worth.Probably 60% of that NW is in retirement funds with the other 40% being in cash, brokerage accounts, equity in properties (approximately $100k in equity).I have come across hat I believe is a GREAT deal that will require an approximate $250,000 down payment.I can easily come up with the $100k, but the final $150k would require i sell some stock that I'd rather not sell at this time. 

It's easily the nicest house in the neighborhood and is turn-key ready to rent out.

The ones I have seen don't get that hot, you can easily put your hand on it for over a minute and not hurt

If this is on the first floor or otherwise easily accessible, go take a careful look at it yourself and try to find where water could come in.

Mia,I have a small architecture practice in Chicago that could take care of this easily.

Seems like you could easily manage this on your own.

That is why the material list is important because it allows you to easily subtract the material cost. 

But that could easily double if my address becomes a Detroit address, and that insane expense could easily make a Detroit investment pointless, depending on cash flow.