You are right, though, that mismanagement will likely chip away at that efficiency over time :)

Grew up in San Jose and though Oak is a bit of a distance that was no place to go in the 80's.  

That lender filed FC in Feb. which is still to be scheduled, so that's another checkbox on the HHF qualification list.The borrower has arrears a bit over $20K so I'll use that as my bargain chip to encourage him to apply for HHF.

Everywhere else its Section 8, other Govt Alphabet Programs, or they are high end homes that are not profitable for renting reasons.In terms of outside Detroit its Roseville, Warren south of 12 Mile, SCS is some parts, Madison Heights, Hazel Park north of 9 Mile, Eastpointe, Oak Park, Redford.  

My name is Chip Clark and I am just starting out.

If you are willing to go to B neighborhoods, check out Carmichael, Fair Oaks.

HI BP members, i would like to here about your experience in investing in fix and flips, in Milford mill and Gwynn oak Baltimore, MD.I am looking in to the aria, but would like to learn a bit more for i am not as familiarize with it.I would greatly appreciate any advice on the aria.Thanks, 

HM wouldn't do that LTV anyway, but almost all of them wont do OO loans.Angel Oak out of Atlanta has a program that they do HM into a long term product, you could give them a call and see if it'd work. 

I'm a total newbie and perhaps a bit of a dreamer.... but when I hear of something like this, coupled with the potential for big profit and helping the community, I think it would be great if there were some sort of legal partnership a group of us could do to chip in and then profit from relative to investment. 

I live in Oak Brook not too far from you and I work at the Coldwell Banker out of Hinsdale.