Learn, take classes, go to our meet-ups then decide. 

Detroit has one of the highest crime rate in US (less safe than 98% of US cities ) .Myself live in Canada, but have visit Michigan many times, for me I am looking at Warren as potential city, but still need input from others as I am also trying to decide which city is the best for investment . 

You have to decide what works for you given the risk.

@Ned Carey I'll get the permit when I decide to change the sink out.

We've decided to make it a rental for the time being.

It was a Seller Financing deal,but Ultimately I turned it downed so they decided to make me their property manager.

Say worst case scenario its just not for me is much value lost when you decide to sell off?

As you watch what others do you can always get into it if you decide you love it.

Each must have a minimum credit score of 650 and each must have sufficient income to manage the rent on their own if one decides to leave.

I would provide them some information on HELOCs, cash-out refis, and Equity Loans, and provide them with additional research sources, so that they can decide which applies best to their situation, and work with them under a similar idea as to the retirement investors.Would like some feedback, and maybe someone I can bounce ideas back and forth on...