Detroit has lots of opportunities.But you need boots on the ground if you are even thinking about investing from out of state.Detroit homes are evaluated on a block by block basis.

My deals all have positive cash flow, have appreciated and have great opportunities for forced appreciation.It seems like we have a vast wealth here on the site of success stories, lessons learned from the small stumbling blocks, tools we've picked up along the way and other important life lessons.

Not a bankruptcy attorney, but one who deals with foreclosures and could give you advice about how to escape with the least pain?

Nick, a couple points made in thread that should be emphasized1) It's different when you're working to build your own business & you can delegate the parts of residential you don't like if you start here.2) The smaller your earlier deals are with less zeros = less painful when you make the inevitable mistakes3) Free education ala internship really is priceless!

In two and a half years we have had 3 tenants [ one bought a home down the block, one was relocated at work, and one family still lives there] It is a blue-collar neighborhood in a small town.

The block where one of our houses is has several owners who have lived there for decades.

(using caution)I feel your pain in your comment - "One pet peeve I have is a long delay for a response, even if a person reaches out to me and says, "Hey, I got your email/msg, but I'm still awaiting additional information and will get back to you within the next few days."

Hi - I'm looking at 2 properties to re-hab which are concrete block exterior walls (in one case 2 story, the other 1 story).

You have to re-invest in the properties even if it's a little painful.

The manager chased the burglar (ya not real smart) for a few blocks and they just happened to run right past a parked police car.