Since there's plenty on the BP posts warning investors about Detroit, I thought it would be right to share a few tips for investors still curious or optimistic about the Detroit market.1) First, it's overwhelming how every block is completely different from the next, and just because you spot a good deal on one block doesn't mean that the next block or parallel streets carry the same energy.2) Secondly, you have to think placemaking instead of spot investing due to the excessive vacancies and blight.

Any dispute of how that money is split would be between the tenant and their roommate.If you are really considering mailing five checks including to three people who have gone non-responsive, that seems like excessive burden on you.

It is also a flat fee of $30 for any amount.

Hello All,I am in the process of buying a 2 flat in Brighton Park on the same block i grew up on.

What is a typical finders fee (%, flat, profit, etc.)?  

You also may want to include expenses for a dumpster, landscaping and snow removal (if applicable given your weather).Growth assumptions are likely skewing the numbers as well as you have expenses and appreciation as flat with income increasing 5% annually. 

being a west coast flyer we look out for big rocks.. out there in flat land country I was dogging radio towers 2 and 3k feet in the air  … different experience.. of course we are used to cruising much higher than a lot of the guys I talk to that fly GA out east.. 

Instead it's a vehicle where you can park your excess cash from your W-2 or business, but the first step is to create that excess cash.

Property Management reserves the right to reject any application due to any one or a combination ofthe following:• False, incomplete or insufficient application information;• Credit score 550 or less,• Credit showing delinquent accounts with collection balances due; foreclosures, bankruptcies, liens againstthe applicant for taxes or child support, judgments against the applicant for evictions or property damage;• Rental histories showing excessive late payment, NSF checks, property damage, lease violations;• Income shortages less than the required monthly amount;• Criminal histories showing felonies, misdemeanors, DWIs, DUIs, theft by check, domestic violenceHaving something like this will help you eliminate "gut feeling" criteria and ensure you are treating all to the same standards of qualification. 

If it's a low $ value deal it's unlikely you'll be able to negotiate enough into the deal to cover the work.A flat water/sewer fee may be acceptable in your market.