If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.Here’s our OPINION for the Metro Detroit market (always verify each area for yourself!)

Murphy will show up when you least expect it.

Along the lines of inspector or appraiser, you could get your real estate license, which will help you understand the market more and help with investing in future properties.

Best of luck in the future!

I will share my "Most Expensive Lesson" in the comments.To kick things off, here are ten examples of expensive lessons or mistakes in real estate investing:Underestimated Repairs: The classic pitfall where the cost of repairs and renovations far exceeds initial estimates, impacting the overall budget and profitability.Tax Liens: Failing to account for or being unaware of existing tax liens on a property can result in unexpected financial burdens.Contractor Liens: Not settling payments or disputes with contractors can lead to liens against your property, complicating sales or refinancing.HOA Fines: Overlooking or violating Homeowners Association (HOA) rules can lead to significant fines and headaches.Bad Loan Products: Opting for loan products without fully understanding their terms can lead to unfavorable financial conditions, such as higher interest rates or unfavorable repayment terms.Ignoring Zoning Laws: Investing in a property without a clear understanding of local zoning laws may restrict its use, affecting your investment strategy.Overpaying for a Property: Lack of research or getting caught in a bidding war can result in paying much more than the property's worth.Neglecting Due Diligence: Skipping thorough inspections and background checks can uncover unpleasant surprises after the purchase is finalized.Poor Tenant Screening: Failing to properly screen tenants can lead to unpaid rent, property damage, and costly evictions.Underestimating Market Risk: Not considering market fluctuations can lead to investments that don't pay off as expected, especially in volatile or declining markets.We've all been there in one way or another, facing setbacks that seemed daunting at the time.

Real estate investing can be a tough nut to crack, especially with high expectations for returns.

It really depends.I guess I would need to get an idea of how much you want to spend and what your expectations are.I have a good agent in the north end of the state that can be helpful.

I am now expecting my second child so it really isn't feasible for me to be in a traditional for several more years.Being a female investor has very different challenges that most men will never experience. 

You might have to change your expectations of what you consider a "good deal" It also depends where you are in your real estate educational journey.

Set the expectations that the deposit will go towards the damage if you think you can justify it and move on.