They have seen a huge amount of use but I definitely did market research.

To overcome this, you need to know the neighborhoods Here's a breakdown of areas that would be ideal for fix and flips and or rentals West Side Detroit Neighborhoods:Bagley 48221Fitzgerald/Marygrove: 48221Aviation Sub: 48204North Rosedale Park: 48219, 48223Rosedale Park: 48223Grantmont: 48223, 48227Grantmont #1: 48223Russell Woods: 48238East English Village: 48224Southwest Detroit: 48216, 48210Redford: 48239, 48240Warrendale:48228 I have given the neighborhoods and zip codes of the areas to be researched.

My BRRRR and Fix & Flip Investors like to buy in areas like Eastmoor, Hilltop, Whitehall, and Linden.

Hey Zak, if you are taking out a HELOC I would really only use it for quick turn arounds like fix and flip or a cash out refi.

I would not skimp on this as adverse possession laws can kick in after a certain amount of time passes. 

Do you know the loan amount you will qualify for?

Properly executed, an investment in these types of property can garner substantial passive losses, often equal to the amount of capital invested (or more) even in years where the benefit begins to sunset.A few words of caution: - The tax benefit is valid as long as the gain incurred from the sale of property AND the investment with bonus depreciation occur in the same calendar year. - Be careful not to let the "tax tail" wag the dog.

Prices are still at a point that you will cash flow a good amount.

This means the interest rate gets bid down to al low as 1% and the price of the homes is bid up to an amount higher than you can sell it for.  

I don't have the money right now to buy a property to fix and then rent but was told it's still possible.