I have been really digging deep into the area's statistics and I drive through it every day on my way to work.Last week my business partner and I found what we thought was a great rehab project in the area and in our price range and we went and checked it out with a local agent...well unfortunately, we decided it was too much work for our first deal, so we kept looking.This week I've had my eye on a property but I would really appreciate some experienced guidance first.The property is listed for $51K with 2 beds and 1 bath at nearly 700 sq ft and valued at  $61K.

Some sellers are open to this, keep an eye out for "seller financing available" on the MLS posting and always ask the agent.You may want to read this article that Brandon Turner put together.

Then network, network, network and whenever someone asks you what you do, incorporate that elevator speech (without being to pushy) and you'll catch some people's interest.

As for tying up or controlling a property such as the one you have your eye on, that really isn't that difficult.

One tip that I picked up here is while you are starting out and saving money for your investments, start driving / visiting areas you would like to invest in so you get a feel for prices, rents , house conditions etc, and visit and look at lots of homes and open houses so your eye get used to looking at repairs / upgrades that are normal in a particular market.

There has been a commercial property I've had my eye on for the last 10 months.

Realistically I would like to keep my eye on the areas in midtown and it's outskirts where the Wayne State police will be under its protection.

And you get the benefit of having over 70 past ones to catch up on.Two Great reads, I bought both J.

i like the idea of just dumping some asphalt or a slab on it and leasing it out to food trucks.... you may find a guy who does a near by office park every day for the lunch crowd and than he can shoot over to your location at 230 and catch the after school crowd...Or you could just buy a food truck and than find a local underpaid short order chef possibly one with a spouse who happens to be looking for work and give them the food truck for 50% of the business you may end up spending less than developing it properly but also making more money if they have really good food and the high school kids keep coming back after they graduate with the new flow of students its a possible gold mine if you had the right menu.... 

And you get the benefit of having over 70 past ones to catch up on.Two Great reads, I bought both J.