This is an exciting time to jump into the market and be in on the ground floor of a re-emerging market.I think the recovery in Detroit is going to take a bit longer- I think it will be languishing for some time-- especially if Michigan's politicians continue on a course where tax increases are the answer to the State's serious economic woes.

If you bought at a discount, you can easily get out, even if the market continues to decline.Now, let's look at the second scenario.

I'm going to continue to do some research and probably talk to a real estate lawyer and see what the worst case scenario is... but if anyone has TX experience and can chime in, much appreciation!

Hello there Jason-Welcome to the club and I hope you will continue to enjoy all of the forums and threads here on biggerpockets.

I have learned a lot and hope to continue to do so.

I work with a company who currently offers financing for Real-Estate in Mexico.I am happy to answer any questions you have about purchasing property or obtaining financing down in Mexico, the investment and commercial market throughout the country is booming right now, and Mexican real-estate will become a much more talked about topic as the wheels of the SPP continue to grind away at opening the borders between the US, Canada and Mexico.Great to be here, and hopefully I can contribute a bit of information to your boards.

There are, of course, the necessary fees and required continuing education courses that a licensed broker must maintain as well in order to keep the license.

More or less as a reward to a tenant so they continue to live in the unit long term.Fresh paint, new carpets, maybe new counter surfaces, appliance upgrade.Most tenants do not stay long.

Thanks John for continued good advice!

A "roof over their heads" is about the minimum a tenant expects for their rent.If your current tenants are not as good as you'd like, starting to hammer on the roof early, and continuing late can sometimes "hasten them on their way".cash