The college girls are very sweet. 2 play sports on scholarship and work and have told me they pay their own way with their scholarship money, loans, work etc and have good references from previous landlord and credit score. 

This money can used by the Landlord to pay their mortgage, set away reserves for structural and roof capital expenditures and most importantly, put money into their pocket.

I see this all the time with busy business folks.

Thank you so much,AlexWe have seen a growing trend of folks who were previously self-managing who have tired of seeing cleaners come and go.

The first property will cost:$400,000 x 25% = $100,000Due to rapid appreciation, you can use cash out refinance to pay for additional properties.

Are points worthwhile paying, depends on your plans.

It can be done but you need to pay close attention to current home and new home.

Why should an investor pay attention to your data or trust your analysis? 

My concern is the investment in Detroit would need to create high paying jobs in the city and those earners to live in the city for change to come at a granular level and be sustained.

I only recommend using a HELOC for scenarios where you'd be able to pay it back within a year.Alternatively, you can just buy another investment property with lower down payment, which is a better interest rate than anything you'll get on a 2nd lien HELOC/HELOAN.