Note: I did not write this article, just posting for my BP'rs who are interested in Detroit Market News.Median home prices continued to rise in the majority of metropolitan areas in the second quarter, with the national year-over-year price showing the strongest gain in seven-and-a-half years, according to the latest quarterly report by the National Association of REALTORS®.Despite rising prices and higher mortgage interest rates, a companion breakout of income requirements to buy a median-priced home on a metro area basis shows most buyers remain well positioned to afford a home in their area.The median existing single-family home price increased in 87 percent of measured markets, with 142 out of 163 metropolitan statistical areas (MSAs) showing gains based on closings in the second quarter compared with the second quarter of 2012.

The Deal Machine App seems wonderful.C: Contact my attorney to draw up my purchase agreement and assignment contracts.D: Reach out to as many well-reviewed contractors as possible to work with me for a percentage fee from my assignment fee.

They have massive marketing machines in every high end market up and down the coast.

Otherwise, I still agree with the small multifamily approach but please, please stay away from cheap properties in bad neighborhoods that seem like cash flow machines.  

However, looks like it wouldn't work for a 4-family:"For borrowers with good credit, the HomeStyle® mortgage allows a downpayment of just five percent, which is just short of the FHA 203k's minimum downpayment requirement of 3.5 percent.However, this applies to 1-unit homes only.Homes with 2-units require a 15% downpayment in order to use HomeStyle®; and 3-4 unit homes require a downpayment of 25 percent.

Also the post office told me once I buy the stamp machine each stamp will only cost between .20-.25 cents.

Read more at :http://www.prnewswire.com/news-releases/flipping-edges-out-renting-as-the-preferred-investment-strategy-for-the-fourth-consecutive-quarter-according-to-auctioncom-real-estate-investor-activity-report-300168540.htmlShare of Flipped Homes Increases 18 Percent43,197 single family homes and condos (5.0 percent of all single family home and condo sales during the quarter) were flipped (sold as part of an armslength sale for the second time within a 12month period) - RealtyTrac®’s Q3 2015 U.S.

After he lost that "cash machine" he lost a few other properties that were highly leveraged.

Hey Bob,You should check out CFRI.netOur next monthly General Meeting features Gene Guarino, President of the Residential Assisted Living Academy - Turn a single family home into a CASH FLOW Machine.

Are there laundry machines on the property?