I was browsing around and notice there are many many multiunits in Buffalo NY in the range of $9000-Anything.

These were $50K-75K range, but every house in these places had been sold VA or FHA, either NO DOWN, or MINIMUM DOWN.

I am very interested in buying a lower income rental here in the Detroit area (50-70k range). anyone have any experience with Detroit RE??

Your comps range was about 10%, but you have to be on the top end of those comps to make your money.

It comes in lots of little bites.Those methods range from mailouts to preforeclosures to newspaper ads.

we're also going to join local rei club (cost $450)if we get positive feedback and some numbers for potential buyers and optimal home pricing - i'm thinking by 12/20 - we'll run our first ad for sellers, pricing homes in a range that we get during phase I (buyers information).why am i writing all this down?

The homes we build are primarily spec homes in the 200,00 to 500,000 dollar price range.

(brick home prefered)Most likely I'd have water in my name, taxes could range from 900-2500 depending on property.City of Detroit taxes are very high, and they include $300 for garbage removal, since the city is broke.

Not to jack this thread..but I have a questionI have my FICO score but it ranges from 150-900 instead of 300-850 or whatever..whats the difference?...

I'm down on the Front Range.