Detroit is rebounding and everyone knows about it's current rise from Bankruptcy.Detroit has made it's way to the Top 10 in the scientific pool of talent in the US Nation. 

@Christian Hutchinson I have spent a lot of time in Royal Oak, I worry that the market there is too inflated.

What is the logic in holding Adjustable Rate mortgages (ARMs) and Balloon rates in a rising rate environment?  

Originally posted by @Fred Heller:Where in Texas is the rent too damn high - Texas Monthly Even with rapidly escalating rents, the SFH market is so hot that with median home prices on the rise, even well priced properties don't make 1% when they're placed in service.  

I would not do a longer than year term lease as rents can rise very quickly at times and you may feel differently in a year.  

If your goal is appreciation, the key identifiers you want to look into is the absorption rate of a given area (ratio of actives versus closed properties), if the area has seen a higher appreciation rate (look for numbers significantly over the national average of inflation).

As you reduce the number of things that a lender "cares" about, the cost rises. 

Hi Brian,As a result of the rising flood prices (pun intended) we are starting to see carriers offer private flood coverage as a package on the rental policy.

This is at least a 47% increase in terms of purchasing power, simply giving me the power to buy 47% more not factoring Colombia inflation.

Now taking into account that you bought a decent property in a good neighborhood and inflation and appreciation has been adding value in addition to your improvements, your $150,000 duplex should command a new appraised value of $175,000.