Are you using the business line of credit to buy more properties with cash or for working capital in your business?

It's a more affordable market and lower property taxes, so you may actually have a chance to cash flow.

I offered $100k cash sale or a $150,000 bank sale.

What's the cash-flow after expenses?

I personally would not invest in detroit as historically its not a appreciating market and for cash flow and I invest primarily for appreciation - I go off the location location location mantra. 

When you learn to partner with professionals who are well-versed in this segment, most distressed property transactions are quite straightforward.Myth 5: Distressed Properties Are Not Obtainable with FinancingThere is this perception that distressed properties are cash-type deals.

Purchase price: $165,000 Cash invested: $35,000 That's right.

@Dave Meyer had an interesting episode on the BiggerPockets Real Estate Podcast about 3 main resources when it comes to investments: cash, time, and experience. 

Thanks, it all sounds good as long as I can avoid paying hefty taxes and generate cash flow.

I’m open to either a townhouse or a single-family home, but I’m definitely trying to steer clear of any crazy HOAs that eat into cash flow (you know what I’m talking about!).