I am excited to be joining and looking forward to learning and contributing towards this wonderful collective body of real estate knowledge. 

In order to rent out a home in the City of Detroit you need a C of A (Certificate of Acceptance) and a C of O (Certificate of Occupancy) therefore you can't collect rent. 

Rachel:I would go even further and eliminate collecting any form of down payment credits (this is the part that tread into the grey area of an instalment sale or financing).  

The only thing you would have to worry abut is collecting your mortgage payment each month, which you would still have to deal with if you bought and held because of rent.Initially, i was like "WOAH, that's like 112% return on investment!"

It actually would be illegal to disclose rents more than what you are actually collecting.

Can someone help me out and explain the difference between tax collections, tax delinquency and foreclosures that takes place at a sheriff sale?

@Kyle Scofield I'll check all the ways that I can (for free) to see what the lien situation is, but it's not bullet proof.  

Sure, there are headaches, but you are essentially having a tenant pay for your asset while you're also collecting a profit from them if you buy right and it cash flows. 

I assume it would be ok to request this tenant for proof of his lay-off - in terms of a termination letter or correspondence, before I OK his lease termination ? 

Though I a fully bilingual I would need a bilingual VA to field prospects calls since taking calls does not work for me due to the difference in time zones from my rentals and my manager is not bilingual.Let me know what you find and if you need any help proofing drafts of your Spanish ad or something else, I'll be happy to take a look.