Also you may be required to upgrade the water service in it is less than a 1" main or is found to be lead.

Great idea to get involved with RE investing early and reap the benefits of compounding appreciation, as well as cash flow.I'm a Retired USAF Officer & my Son is Retired Marine (Class of 91). 28 Years experience in Real Estate Sales & Management.

I've been flipping in Livonia mainly and have one listing in Westland .  

The main thing is the new house meter.....

I am mainly looking out of state because high prices and North Jersey property taxes make the rent to value ratios very unfavorable.  

One of the main reasons I have come across on why people aren't buying cheap properties in my area is that they don't have 14k and the money to rehab the property; they would rather put down 5k or 10k on home in a 100k neighborhood and make poor returns until their 30 year mortgage is up.

He was hip as to what was going on in regarding buyouts in the Inner Mission.I was told by a couple of the main lessees off the cuff last year before the topic of buyouts was even brought up that their intention was to have their teenage children continue living there as they would not be able to afford housing.

I would like to say I am mainly in the Miami-Dade area I would like to to connect/partner with some investors in the area along with other members of the biggerpockets community to hear some advice from everyone big or small. :)

My background in real estate/rehabs has been full gut job remodeling houses that my parents have lived in as well as remodeling my current home, at one point I was a mortgage loan originator (helps knowing how mortgages/financing works), and I'm currently in the process of getting my home inspection certification to help identify issues for my own benefit was well as generate additional income.  

@Jordan McDonald Here are the two main ones: 1) Late rent: Be relentless about enforcing late fees because they'll be consistently late if you don't.