Many unexpected expenses can wipe out $300+ a month in cashflow. 

The surprising fact is that I had the realist of intentions to do so.

short sales DO take forever but its one of those things that once you get it done, you move on and work on more deals, then when the check comes in, its like a nice surprise bonus :)but you essentially run your scenario by the agent (find someone who specializes in short sales though) then the agent should be able to direct you from there.  

I'm not surprised one bit about being held at gunpoint but, being a native to Detroit, I'm pretty aware of the "hot spots" :)@Nick Keesee Holding would be amazing but, i agree, the price for upkeep along with the price for rehab would be pretty high.

This is not taking into consideration the closing costs of the purchases.Do not under estimate your operating costs - it is alway best to conservatively over estimate them and be pleasantly surprised when you come in under your numbers than the other way around.  

Success in real estate depends on your ability to withstand set-backs, push-downs and unexpected challenges.

@Gabe Gordon I'm surprised that units are going that high in that area.  

I'm fortunate to know a lot about construction and really the surprises are limited since the building was completely opened up.Steven J. 

Just be sure you can handle the payments easily because there will be unexpected costs.While you are working at your j.o.b. you can be studying and you can go to investors' meetings if there are some near you.

You should add it to future ones and I'm surprised if your one LU provided doesn't have something like that.here is a copy I found on the internet.