Now, ironically I do not care much about their credit score or income or even bakruptcy because I hknow that Section 8 is going to cover most if not all of their rent.If they pass the criteria I have outlined above, then I pass them on to my PM....yes it my cause me being vacant an extra 3 or 4 weeks, but to get the right section 8 tenant in there, I'm OK with that.

I make $100k a year off 16 properties in the Metro Detroit area..and with $100k you could buy 2-3 of these and get a nice start.Here is an outline...Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 10-14%Cash flow: $150-$300/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B- Tennesse has caught my attention as well...but when things aren't broken it's hard to change... following along to hear what other have to say...Here is a pic of my portfolio if you want see examples..

If you don't work regularly with a settlement agent, provide a closing letter outlining how you want your side accomplished.

I just spoke at the New York association on the topic of different solutions for different people, and briefly outlined three different solutions for different sized operations and that is a very important thing to understand.

., I would have served the tenant with a Cure or Quit notice - they painted the condo, which they weren't allowed to do and never asked, installed a kitchen backsplash that had to be pulled off the sheetrock, they stained the kitchen cabinets, they spray painted something on the patio and left a red paint outline, etc.

It outlines the procedures to follow for doing Lonnie deals.

Bidding based on the assessed value of a property instead of the actual market valueNot understanding the rules and how they affect your returnNot understanding the hidden costs which @Jerry K. outlined. 

Bottom line: you signed an agreement, so you'll pay what the agreement outlines.4.

We have friends who had a shooting right next door complete with a chalk outline in the middle of the street.  

Perhaps @Steven Hamilton II could provide you with a general outline of what to expect.Finally, welcome to BP!