Detroit was terrible.

I'm looking for units where I can get some cash flow without dealing with terrible tenants or maintenance issues all the time.

I was able to find quite a few terrible investments at under 875k, though.

Hi Nicole, There are foreclosures in Australia but they are terribly difficult to find.

As a graphic artist, I can make marketing materials, but without something to market it's not terribly useful.I'm not trying to be negative (or positive for that matter)... just trying to make a realistic evaluation of what is possible.  

For being levered 4:1, I would argue that a 5-9% IRR isn't terribly attractive relative to other asset classes.

@Art Maydan   IL is terrible place to close.. you don't need a lawyer the only reason you need one is the way the closers are set up there.. title companies won't deal with individuals they MAKE you hire a lawyer these are vanilla deals it only benefits the Bar association its total BS closing in that state.

We all have that bad investment or that project that turns more into a nightmare than anything. The key is to cut your losses, swallow your pride, and move along on top of having a short term memory for the next inves...

The house consists of a 3b/1bath and a 2b/1bath, and the neighborhood isn't terrible.

Not one or these terrible single family conversions that seem to be common in Ogden.My cap rates aren't the best, but if both units are end I get about 500 a month positive cash flow.