I am all ears if anyone can lend some suggestions; however, after wasting thousands of dollars on DEV costs, I want to share my journey to help others.

Detroit is a strong market for investors overall, due to its affordable entry cost vs rents, growing demand and positive news.PM us for more info if interested.

I was just asked this question today and did some research.I came across HelloFax.com, they seem like the best overall solution that is also the most cost effective.Great integration with DropBox which is actually how I found them.

Realize you may be better off using cost segregation to achieve greater tax benefits immediately for purchases of STVRs.

All of my current rentals cost about the same to purchase ($215-265K), but cash flow is so different and current house prices are as well ($325-600K)...and the one I spent the most for and cash flows the most, is now the one worth the least (still worth more than I paid for it 3 years ago).

Most banks or lenders are looking for a property that has a LTV of 75% or lower after cash out and some requesting a DSCR of 1.00x once fully leased.If you was looking for $100,000 you would want to at least get the property to be appraised at $145,000 to get the most competitive pricing and enough cash out for yourself and closing costs.  

Since I was brokering the private money loan, I couldn't waive the late fee (which my lender still wanted) and the borrower was upset because ENS wouldn't eat the cost, which was a systems error on their part.

@Ahmed Aboelela When I’m unsure on the cost of something I call around to different vendors and ask for estimates on pricing.

Hi Michael, This answer depends on the initial purchase price, rehab cost spent, and the ARV.

-If I buy using a title company, the title company will make sure I get all debts and liens payed off and I should have no problems getting the house free and clear.