I think that area will probably improve eventually.

First since your condo is no longer owner occupied it will be tough to find a HELOC (try Wells Fargo, they're the only bank I was able to find who would consider doing a HELOC on an investment property but eventually they back out anyway).

As a matter of fact, they said they've had other auction winners do the paper work direct with the clerk of courts and they eventually get a check issued by the clerk out to Broward County Tax Collector.

The US education bubble is coming to a head eventually.

You could then essentially market those deals before you market them on the mls(even though you would eventually put it on the mls), still bringing your buyers "off market" deals.

Obviously, nobody can predict the future, but if you're likely to have the loan for a long time, the lower rate options can often make sense because the lower rate eventually makes up for the higher up front closing costs.

Should I not focus so much on the cash flow right from the first month, but just find a property that will eventually start producing cash flow.

I was an engineer at a corporate job that I hated and I started investing for myself and eventually left corporate to be an agent specific for investors and related to the properties I was buying already.

Eventually I got my own license and now I'm the broker for some other people just like you.For the people who say master leasing won't work I would say if you want to see someone who has made it work in a big way then check out davidtilney.comDavid is a fellow NARPM member and has been wildly successful doing master leasing for decades.If you do get into PM then join NARPM as fast as possible!

Hey all, I wanted to start a back-and-forth that will, hopefully, eventually be fruitful and prosperous for everyone involved in the Detroit market.