Playing up the fast and easy aspects are the only real play you have.Did this particular person indicate that these friends and family live in the same area?

I have roughly 5 years of formal work experience with different aspects of default real estate, although most of it is with paralegal style work, as I was at a default-based law firm and now am working at a bank in different servicing aspects of foreclosure (residential).Investing in default properties has always interested me, so I may begin there, but I'm here at BP to learn as much as possible to make my first deal a successful one.

He will likely try to avoid answering but if you press him he will hopefully give you a range.

Different techniques, different properties, but you can learn the market very well and make lots of contacts before using your money to buy rentals etc.I tell people starting off to avoid flipping and rentals until you have the knowledge of the market and real estate.

I know that I'll be able to put down just 10% and avoid PMI, but are there any other considerations (positive and negative) that I should be aware of?

Will of course ensure that this and other aspects like lawn cutting etc are included as tenant responsibilities in the rental agreement.

I can't help but notice that the one city that needs help in all aspects, Detroit, didn't make the list.

Things to avoid?

Avoid putting up fencing that blocks visibility or any improvements not close to the house.

Any hammer banger can get the bricks and sticks aspects, you better be able to deal with one tenant before dealing with 20, 40, 80 or 200 or even 2,000!