For new investors, starting with a turnkey cash-flow rental is a solid choice. 

And if you’re looking into rentals, Coloma is a solid choice for both short-term and mid-term rentals (think 3-6 month leases).

If the seller is unwilling to negotiate, walking away could be a wise choice to avoid unforeseen expenses and health risks.

Good points above, but my main point is the same as Mike: there are great tenants that pay market rent.You should raise rent on a great tenant the same way you would with a decent tenant or a bad tenant: quickly and professionally.Kevin is a smart guy, but I'm afraid I have to disagree with his incremental rent increases.

Stand up or bend over, your choice. 

Its favorable location in Detroit and demand for local housing presented a straightforward profit path, allowing us to quickly flip and earn, making it a strong choice for Partner Driven and Rod King.

Section 8 can be very profitable, but it's not smart as a first investment or a one-off because there is a lot more red tape.

That's more of a personal choice though.I would also keep in mind your long-term goals for REI.

Probably smart to take a break a couple of years of this market, I think you are coming back at exactly the right time - on the cusp of the next boom market

For example, a few years back, I was working with an investor who wanted to break into the Phoenix market - a solid choice, by the way, because of the rental yields—and we ended up uncovering an off-market duplex that wasn't even on her radar.