to me, investing in $500 houses in Detroit is all about playing the LOOOONG game. you are buying dirt, hoping that something reemerges from the ashes.

Let's play the math game you enjoyed since I just finished renting a property:30 minutes per interested party that actually bothers to show up x15 people: 7hr 30min15 minutes per interested party that didn't bother to show up x10 people: 2hr 30minIncome from fees: $0Lost wages: 10hr x $25/hr = $250 (I actually make FAR more than that, but trying to be fair)Let's assume that my 3 properties do this twice a year (the trend so far): -$250 x2 x3: $1,500/year lossLet's say I don't screen and I get "that guy" that I trusted to tell me how amazing he was like you claim about yourself.

Proof of funds will separate you from most wannabe investors.If you really want to get them motivated - offer a bonus on the purchase in exchange for a discount on the listing.

Where does my agent buddy come in to play?

Are there any ways around that or am I playing with fire?

You must understand that there are LOT'S of investors in the market with cash to play right now.

If you've never invested out-of-state, you may be nervous to keep your properties whereas I know I can live anywhere and my system will still work.I'm not ragging on you, just playing devils advocate.

Smart play @Dave Foster.

congratulations alwAys exciting when your done (house closed/tenant in play).

If you look at it purely as a cashflow play, then I think that changes how you evaluate the purchase.