As for financials, if you invest out of state, I would suggest you factor in at least an annual trip, if not two, to the market simply to check in.  

It's pointless→ I want to evaluate how the property is performing NOW→ Where it COULD BE performing→ And WHAT it will take to get there.This involves (at a minimum) checking comps, creating a 5 year proforma, verifying taxes & insurance, and making assumptions about the business plan.You can't determine if a deal is a pass/go simply from NOI / Cap Rate.The art of underwriting involves finding value where others miss.If you're passing on deals just from dividing the in-place NOI by a cap rate, send those over here!

Attendees often find these events valuable for networking and learning from experienced investors.Local Real Estate Groups: Check for local real estate investor groups or meetups in your area.

Check their reviews and interview them prior to handing over a dime.

Do I just show up at the title company and they hand me a check?

I told him I'll pay him a few dollars to have it checked out.

Checked previous forums and contacted those already with no avail

You will need a new loan for at least $460k (to pay off old mortgage plus $53k check for partner’s profit, you take no cash out but save closing costs, holding costs and interest).

I would check out left field investors. 

Not figuring this out can wipe you out.4) Ring Cities are best in Suburban Detroit - PM us for definition or search for our company blog posts here that cover this.5) If you go into City of Detroit, you really have to check each block-by-block.