I don't have experience in the Detroit market, but I assume there are plenty of properties available that look great on paper but are going to be a real challenge to manage properly, especially from across the country.

Although, it was only recently that I've challenged myself to avoid eating out this month.

I already have a great team of subs, but the biggest challenge I foresee is getting started and obtaining the first 10, 25, 50 doors.Are there any legal issues with paying referral fees for something like this?

@Diane Manders - If you have family in Wilmington then you know it has opportunity, but can also be a challenging place.

Be personal, listen to his story, let him tell you the challenges he faced and how he overcame them.

If you've got a go-to contractor, know how to manage a flip, and it's just the first time you've hit a property with foundation issues, it might be worth paying the month to learn more about monetary exposure on this particular foundation challenge.

Investing in New Orleans is a challenge even for us with experience.

Thanks for all of the feedback, a couple of people have asked for more details so I will provide them below, I've also put out some calls to local banks and mortgage brokers and as soon as I'm done compiling the responses I'll post so others in a similar situation can see the results.I have two properties with which to leverage but the challenge I'm finding out is that since they are both sub 100k properties the banks do not like to lend funds on properties in the sub 100k market, the mortgage broker is currently sourcing rates for banks willing to lend on properties sub 100k.

Networking with cash buyers in Charleston, SC area has been a bit of a challenge for me, suggestions are welcome! 

Networking with cash buyers in Charleston, SC area has been a bit of a challenge for me, suggestions are welcome!