Downtown Detroit is quite grand, but...unfortunately, nobody wants to live in the surrounding area.

As previously mentioned there is a grand canyon of a divide between asking and what you think that you would offer.

Hoping to get it rent ready within a couple grand.

@Richard Decoste If reading a 200 page book seems monotonous try imagining it with a more exciting title like How To Not Go Broke In Brooklyn On Your First Real Estate Deal.That may sound harsh but the reality is you are competing against people who spent 200 grand on a real estate MBA and they definitely read more than 200 pages on how to crunch the numbers.

My wife and I acquired some rentals in Flint, Grand Blanc, and Burton.

I live and invest in Grand County, a ski resort/tourist area about an hour and a half outside of Denver.

So, here is the information for the properties: Property #1: This is a *handyman special* multi-family property available for purchase in Grand Rapids, Michigan, which can be a VERY lucrative income property.

According to sigtarp, 1 year later HAMP has modified a grand total of 168,708 loans and has LESS that 1 million in total applications- for 89BILLION!!

Some of that will be the pre-paid costs like insurance and taxes.Idea for coming up with the $1K:Sell some stuff on craigs list or e-bay.Borrow from friends or family.Prosper or lending club.Credit card cash advance.401k loan.An advance from your job.Get a personal loan from a bank or credit union.None of these are great ideas, but we're only talking a grand here, and if this happens like you expect you can pay it back pretty quickly.

As a father of 6 and grand father of a few more, I'll still stick to my previous post.