I already know I don’t have the patients for it.

I guess my main concern is privacy, and more importantly safety.

Even so, says Bing, persuading people in mostly deserted areas to move to denser areas, where there is "safety in numbers," is a challenge.The population continues in flux because of another acute problem for Detroit - the foreclosure crisis.

Many new investors are so desperate to get a deal, they forgot the most important component of investing, SAFETY & bid the property so high, more than the true value!

Negotiators say it's better to negotiate on neutral ground rather than their place, so there could be advantage beyond safety.

Stay patient and find a good investment

Take advantage of the loans you've earned with your service, but be patient and find a place that will get you to that 20% equity conventional banks require to count the rental income with a minimum of effort on your part.

Appraisers will look for the safety concerns and the things that make the house unlivable.

If you can't do that, paint the steps with a bright red stripe, or place some type of safety tape on the stair enabling her to better see the steps, along with good lighting.

You need to be patient and able to act quickly to find a profitable rehab project via the MLS at the moment.For the Fannie REO you are interested in, check the listing price on Homepath.com every single day.