However given that you have had significant issues consider renegotiating at a significantly lower price.

I might even be able to get away with a slightly lower bid on the property in exchange for a chance at a higher payout in the future.My initial concern is that their cut might have to be cost prohibitively high in order to be appealing.

Researching pockets with lower DOM may be your best bet since 30349 encompasses various swings in median income/avg home prices.

As far as strategy/criteria:I'm primarily looking at buy-and-hold SFR/MFR rentals.I'm not opposed to doing extensive rehab as I grow/learn but I'd like to start with a simpler, lower-risk rehab on property #1.In that vein, this is all a toe-in-the-water / experiment for me.

I started from this list and went through each city that had higher rent to price ratio (or rather lower price to rent ratio).

Hi there, I have a 2 bedroom, 2 bathroom in the lower mission area to sell.

However, the profit treated as capital gain would not count as income for loan qualification purposes, thus lowering his income (of which the profit was a significant part of income for the year).

Prices are rising so that won't last forever, but it is there.Big difference - 1) The police respond and are active in enforcing laws to protect your tenants and homes2)  The schools are much better3)  The crime is MUCH lower  4)  You will be happier with your property manager5)  The homes will actually sell to end buyers, not just out of state investors.6)  People pay taxes and water bills in every city other then Detroit nearly all of the timeCan you make a HUGE return in Detroit! 

You can try a lower flat fee company or do a FSBO. 

In my experience, the vast majority of people with emotional support animals are under 30 and lower income.This is just one example of how weak our culture has become.