I figure with that luxury this could be a win win for me.I know I am not fully prepared at this time to make that commitment (Education wise) so if anyone can send me some feedback on the steps I will need to take considering I will be only 18 with no credit, and where I might want to change things or a better way to go about this I would really appreciate it !

Your next best bet to find something cheap is the North End which is about 3 Miles North of Downtown, but off Woodward and Oakland Aves, or maybe the east Jefferson Area.Also, if your Spanish is pretty solid, and can handle dealing with people without a verifiable job, or immigration papers, SW Detroit, in Mexican Village could be an option.In all these places I mentioned you better be ready to dig in hard on a renovation, and take control of the property.

It would be a win-win.  

I would bet very few in Detroit.  10 years is forever. 

I'd bet there are thousands.  

Most people risking $5k or $10k are making small bets on many deals.  

I bet it's fewer today. 

I am starting this discussion to see where you guys have found better conversion rates. Obviously they both have pros and cons. But when it comes to getting the seller to make the call, which has work best for you? 

It's a guaranteed bet to have people lined up to rent.

If I was a betting man, he may have sensed you were trying to treat the loan as commercial versus residential.