Comparables are all 1.25 million (hence my jumping at the 450k) and rents start at 650 per month.That is a good point though re: rent payments.

But if you're aiming at a million bucks of income a year, this is the scale you're talking about. 100 rental units might product 10-15% of that total.

You have millions in assets.

I work with first time home buyers, investors, I handle short sales, and I am even trying to get a million dollar listing with my friend.

If you look at net migration patterns especially the senior population that is in the tens of millions and more most are moving to warm belt states.Some urban core areas of cold belt states are doing well but the burbs and rural locations in a lot of those areas are dying off.I would not be excited about investing in such places even if the prices were low for long term success.Their are local investors in cold belt states creating legacies investing in those areas that never plan to leave but for an outside investor looking for a possible target market it doesn't seem to make sense.

Also so many big name company's are now investing MILLIONS of dollars as for Detroit is now a growing market. 

1 million, 2 million, more?

Brandon Turner awesome post man, thanks a million!

I see non-recourse commercial loans, but usually 1 million and up.  

Are you an attorney, CPA, from a family with 5 million bucks at hand, if so, you may do well staring in commercial.