Quality are commanding high prices. 

Acquiring an income earning property with high potential for appreciation for less than $20k out of pocket?  

And the lower returns from lower rents meant I was less able to do major improvements or buy another investment.You decide the maximum monthly dividend return from your investment when you set the rent. 

I'm very intrigued by a property that is in a great neighborhood and will appreciate very strongly, but using any sort of financing on it the cash flow return is deep in the negatives for a couple years even though the ask price looks like a good deal compared to other houses around.

Rooms for rent for $1000 or less are in high demand. 

I highly recommend Travis' newsletter about all things Detroit (and beyond) https://www.buyingdetroitrealestate.com/.

At these rates, it seems like it would be better (for now) to wait on the sidelines and get a high-dividend REIT.So my questions are:1.

Stay away from high-crime areas.

Whether you’re looking at single-family homes or condos, the potential for return on investment is substantial.

It means the bank has already foreclosed and they didn't sell it at the auction, either because no one bid or no one bid high enough for the bank to accept and they thought they would be better off selling direct to a buyer on the market.