Agents, both listing and buyers, know how the process really works and know if you're trying to wholesale a deal the odds of you getting an offer accepted are slim and those of actually closing the deal are slimmer still.Find an agent who can do electronic contracts and just submit offers blind (i.e., don't look at the place.)

Hello Hung Nguyen:Keep in mind that many lenders will not accept a short sale unless all of the parties involved (buyer, seller and agents) sign an affidavit of "arms length transaction" stating that there is no agreement or understanding, written or implied, between the buyer and the seller that allows the seller to rent or regain ownership of the property in the future.

I've got lots of family in your area; there are quite a few investors here on the site that are local to you.Jump in and get involved; you'll find that BP is a great resource for your real estate investing career.

I personally went to detroit to look at properties, youd be amazed how nice some of the forclosures are, but almost EVERY house youd buy needs paint, carpet. paint and carpet on a 1000sq house cost several thousand, plus maybe someone from detroit can shed some light here, the city is VERY involved in rentals in the city of detroit, which is why my locals invest in the suburbs and close cities from what i understand, where there are not $100 houses, not even $1000 houses, maybe $10k houses.

I'm about to purchase a residential property with a private seller & no agent involved.

There is a lotta waiting involved.

The 2nd picture kitchen one I can't really see the kitchen just the kitchen from the living room but the pictures don't scream granite counter and stainless steal- I can barely see most of them.Maybe move the couch a little bit away from the window and add some window trimmings- maybe red to match your pillows - move the black chair from where it is and center that living room table- put a flower arrangement on living room table- maybe clear glass with red flowers to match pillow cases again- doesn't have to be flowers- could be just some little nick nacks on that table- just something intresting- normally if you dont go with flower you can try nick nacks in odd numbers like 3.

Forward projection based on actual numbers this year should result in a 50% profit after all expenses (including operating expenses).I know this is kind of an odd approach with respect to everyone else but in order to get where I want to get going, it is actually working out better than expected because of serious planning and number crunching.

A 25k loan @7% -Montly payments will be bet 450-550.Do you think this is good way to get some money to get involve in buying and flipping properties with other investors?

Odds greatly are, that you will try it again, and loose.