My Investors are open to the down payment price and splitting profits 50/50 (Overtime for equity gain as well as monthly cash flow).As this will be my first investment property I am buying.Also, I have means of financing.

But more than 50% of the time the tenants I inherit from buying a run down building that I need to rehab and turnaround, it is easier to work peacefully to get them out.

@Daniel Kurkowski there are interest tracing rules in place that would allow the deduction if he used a HELOC. 

The property is located near Main Street and the local college campus... pretty good location for this small town.POPULATION:14,096UP 6% SINCE 2000AVERAGE INCOME:$59,823 PER YEARAVERAGE AGE:33 YEARSGENDER:50% MALE50% FEMALEHOUSEHOLDS:5,09936% WITH CHILDRENAVERAGE VALUE:$141,509OCCUPANCY:70% OWNED30% RENTED13% VACANTAVG.

Your local zoning codes will pretty much rule over all of that. 

The City of Detroit is really enforcing more strict rules in regards to the up keep of a property.  

This is ultimately defined by FNMA and HUD who rule over everything when there's a lender in place. 

With a judgement this is fairly simple, inexpensive and is often a automatic ruling based on the settlement.

@Brian Comiskey I tried to list the ones I like and a few others that I have heard good things about but the post was against the rules and taken down. 

Also, is anyone familiar with the term "rule to vacate".