This way you can finance the property through traditional means.If you are adamant on getting an investment property and you want it financed try a local credit unionhttps://www.creditunionsofontario.com/list

Also any good or bad information that you have about detroit as a city to investment.ThanksJohn

I have passed on some good cash flow but it was because the properties were in bad areas or really bad condition and therefore would make an exit strategy a lot more difficult. 

My credit is good and I have solid equity/great renters in all of my properties.  

So if your taxi driver is talking REI he probably has good credit and a way to pay for the mortgage. 

So is this just bad luck or should I be firing my PM after the eviction?

No tax returnsMinimum credit score 650Max Loan to Value 75% on sfr or 2-4 unitOnly up front cost is for appraisal and creditRates in the 7's with a 30 year amortizationAgain, points not to exceed 4You don't have to sell your beautiful flip when it's done;  keep it, manage it, profit from it.  

As far as reserves, I've got a pretty good cash cushion built up, plus a line of credit in case of a dire emergency.While I haven't exactly budgeted for CapEx, my initial plan was to set all of the cash flow aside in a separate checking account to build up toward replacing the roof, separating the electric and hot water, etc.

A large law firm and their community owner client just paid a huge fine in California over the law firm's bad advice over SCRA.Now, Ronald is correct that Frank and Dave are your competitors to some extent.

@Abdul Azeez I think there are two options, one good impractical one, and one bad practical one.1.