And when these markets go into recession, it depends upon their job base.

This is of course assuming that I can trust my brother at his word... which I 100% do, that the house will become mine, even though he will still be on the deed and the mortgage.What are the pros/cons of either strategy?

Once we sale, based on other comp in the area, our net profit will be around 30K. 

You set your screening standards based on the class of your property.Unless you specifically want welfare tenants in which case you adjust the screening. 

Talk is talk, but valuations are based on closed sales not talk.

I believe their real estate holdings was based on economic value.

We found this by word of mouth.

This is why investors from around the word have been and are still buying here for the last 12 years or so. 

I am a brand new investor, looking to dive into the Section 8 game in Detroit.

It's a numbers and operational organizational game.