If you want to retire on cash flow, then you need to determine exactly how much money per year that means to you in cash flow.

Whether or not this is a stable investment strategy is a whole different story, but it's not impossible!

Very high renters population and several stable employers so not overly worried about population loss in the next 5-10 years.For sale for almost a year, the owner passed and his son lives out of state and wants nothing to do with it. 

@Adam Rasmussen hello- my husband is retired and he does not have W2, can he get some tax benefit on our rental property ( married filing separately)?

I would like to sell this house now but husband says we will pay 60k in taxes and wants to rent it for 3 more years until he retires and income will be less on taxes.

My primary worry is not able to find a rent (since I do not have insight into jobs in the community, ease of finding tenants, seller vs renter ratio) Any input is much appreciated.my primary concern: unable to find tenants- since I don't know the placemy goal: stable property that produces steady cash flow.

I have found Detroit to be a very risky market and if you have never invested in the US before and do not know the market pretty well I would suggest for you to start out in a more stable market.

Thankfully the bank agreed within a few days.I realized that I was $4,000 short to close, and took a hardship loan from my retirement account for that amount.Despite all of these surprises.

The building is fully paid off, and the owners, my parents, are retired and on a fixed income.

I started with wholesaling and closed 3 deals but this seems to be way more stable with way less competition.