IE trying to Crack San Fran.. or Manhatton Real estate can be tough.. but if you were in Vegas,, Atlanta , PHX at the bottom. you could pick up properties for 10 to 30k a door no problem.. so region and were you had knowledge led to luck of the draw.. then the ability to frankly just do it....

So, if you are going to quit your W2, do it just after the bottom of the market when prices are just on the rise again, not at the top.The time to prepare for a down turn mentally and financially is years before it happens.

The bottom line is the hands-off nature of the asset.

If you have nothing to bring to the table, you're left with no option but to beg and grovel for help, and the only people you'll attract are bottom feeding slugs who want to use your doe-eyed admiration to make them feel better about themselves.SO... the first question you have to ask yourself is, What do you have to bring to the table?

One way would be to leave all the buildings revenue in a neutral separate bank account and then at the end of every month, quarter, year, etc?

Ten years after the supposed "bottom" in Detroit proper, when things were supposedly getting better, people are still talking about "if" it's going to get better.  

The bottom line is it is wise to develop as many tools as you can to have in your tool belt that will allow you the most flexibility when it comes to exit strategies.

Then scroll almost all the way to the bottom to see Local Real Estate Networking & Recommendations.

In 2012, on the bottom of the housing crisis, I bought several properties.

The bottom line is there  no clear indication of either tremendous growth or serious decline in the city.