The home needs updating and at asking price it will not cash flow easily, so I’d like to get it at closer to the $260k they paid.

On the flip side, I've easily seen people fighting to rent units for $5k+There's a big difference between the west side (Chelsea is one of my favorite neighborhoods, Google's HQ, lots of wine spots) and the east side (mostly affordable housing). 

If they are professional, they can explain this quickly and easily.

Super easily done if you stick within the timeframe allowed by law. 

(obviously, no; a beginner could easily get themselves killed on double black diamond terrain!).

With your background and experience you should easily be able to get this property under way and producing income in no time.

For example, if a first trust is being foreclosed you can quite easily assume that any junior liens have not been being paid since before the first went into default.

I can fly right seat take a few take offs and landings dial in the radios etc. 

@Kwaku Farkye those are some pretty solid areas Southfield is more expensive but you can easily get good returns with the number of people that would pay to be closer to their jobs.

@Brandon McBrideI have a home in Michigan City that I am considering selling. 2 bed 1 bath, rents for $700 but could easily get $750-$800.