It's a rural town so they aren't the most organized, which is a cautionary to me.

Did you know that the NAR is the second largest lobbying organization, by dollars spent, in this country? 

I'm sure things will continue to do well b/c Detroit has organic growth ahead of it, but due to the rapid appreciation and ># of investors piling in from around the globe, it's more of a risk now than it ever was in the Great Recession. 

I have the house, partner has the skills and certificates in setting up and operating a facility. 

Thank you to the volunteers that organize this meeting each month.

It is the investor's skill that finds and creates the ROI, not the market ... find a successful local investor (there are many), find a way to add value to their operation, and in the process learn how they are succeeding.

. ;-)@Robin Lewis In paradise my PM would also be totally awesome in checking, analyzing and telling me what improvements I could/should do (I'm somewhat of a distant owner), organize the contractors and material, overlook everything, kick some butts here and there, provide progress reports and ultimately pay everyone involved and then invoice me accordingly.

Since you're new to the game, I say start with the multi- family, as that will really set you up financially, and then move on to your next one-- do you want to learn more rehab skills, and do fixer uppers?  

Also, contractors and skilled labor is harder to come by, so unless you have some handy man skills, forces you to look outside.

The skills of a management consultant will serve you well in your real estate investing..