I can still go through the realtor that the property is listed under, but I was hoping someone could shed some light on the guidelines.Currently, is it really not legal for the buyer to negotiate an FHA short sale?

ROI of 9% nowadays is a great deal in my opinion given the nature of today's market.

Obviously I want to know about significant maintenance issues, but for those light bulb concerns....

Now Midtown and Corktown are picking up.The biggest hurdle facing the neighborhoods in Detroit has been the abysmal level of public services, especially lighting, fire and police.

This is a hard lesson learned by every agent who has a trusting nature.

If you are up for a bit of light reading, check out these two posts for exactly how I do this whole process!

The reason for a double rod in the bedroom is so the tenant can put up shears for light/privacy and other curtains for decoration or to make the room dark.

@Jon Klaus and the natural wood on the front to the left and over door?

@Wendell De GuzmanI used to live in the city before moving out to Oak Pk so I would probably look to relocate back around there.I can see what you are saying about the hands off passive nature of being an investor.

At 110k, given your numbers, I see about $565/month cash flow and a 20% ROI.25% down plus 6k for the sewer fix(rolled into the loan) plus 5k for closing for 34k out of pocket to close at 110k purchase price.Here are your expenses as I see them:Mortgage Rate 4.75%Length of Mortgage in years 30Monthly Mortgage payment $453.83Taxes $125.00Sewer and Water $208.33 (I accounted for borrowing 6k to remove this expense, but I figured it would take at least a year to switch the tenants over)Trash $- (this was my big question)Heat/Utilities $25.00 (Manager's electrical, outdoor light, etc)Cap Ex and Ops $300.00Insurance $158.33Mgmt Fee $230.00Vacancy $230.00Total Expenses $1,730.50