I would have about $100k - $120k in equity before agent fees, closing costs, and capital gains tax if sold.

So working with an experienced electrician, I purchased for around $500  the materials required and permit. 

You might want to seek out experienced local investors, who can point out local risk and help you avoid it.

Your deal finder (agent/wholesaler)3.

Is your agent helping you?

Personally, I like option #1 (I know a lot of agents will push you to #2 as that's how they make commission), but it helps in keeping an asset and using that capital to buy something more productive.

Hi Adam, always looking to connect with new investors and agents.

For experienced folks, we can lend up to 80% of the ARV. 

Hi Luz, @Mason Weiss is an awesome agent here in the valley.

Many investors get scammed by agents & turnkey providers selling them Class C properties as Class B.The Metro Detroit area offers a wide range of investing options - as long as you deal with the right people:)PM us for more info.