@Marvin Spears,You are on a site that will prove far more valuable to you than any guru you can find, anywhere, at any price.The whole guru, coach and the latest fad, information marketer 'scamdustry' just makes my skin crawl.If they were as good as they claimed, they couldn't afford the cut in pay to become a guru or a coach or an information marketer.

BP is a testament to the fact that you don't need to spend thousands to achieve your goals.

The whole point IMO is to have a separate number.

There is a whole bunch of 2 family houses in akron around 20k-40k That are right there on the good old MLS.

@Craig Priceit really depends on your end goal you are trying to achieve... you could take a 30 year loan and pay it off earlier if your goals change.

What are some repairs that are can be easily and effectively done alone or with a friend rather than hiring a whole team to do the job?

So an area might appear to get worse by living or driving around but when you analyze the influx of positive growth to the number of people moving there the crime levels are within normal ranges.What I would be more concerned with is the area as a whole and how it is trending overall.

On the other hand, if your market rent for the property is only $1200, you can still achieve the 50% rule by making a larger down-payment on the property so that your mortgage payment is only $600.That's my understanding of the 50% rule.

The "Distressed" market as a whole, including detroit, is below 20% right now REO & SS combined, in the markets mentioned above, I haven't pulled it, but I'd guess it's under 5%, maybe even under 3%.

Especially, since Matt included the language contained in the same statute which details what an agent must do (disclosure as an agent) when buying for their own account.....which is not the same procedures spelled out in the originally referenced section(when approaching as an agent for a listing).Patrick, if the reference "it's the "knowledgable" ones that give us a bad name", was directed at me, you don't know me that welI, I wish all agents as a whole had a higher standard of business practices, and knowledge.