I read an article that a little over 1000 mortgages were originated in 2018- an abysmally small number.cons:I agree with the other poster who said it’s hard to find contractors and even landscapers who will do work in the city.Another challenge is that the city passed an ordinance requiring landlords to complete lead remediation.

Read more info here: https://help.venmo.com/hc/en-us/articles/221010968-Payment-Limits

For general resources that I would recommend on the BiggerPockets forum would be this article, which covers joint ventures and LLCs.

Build network of like-minded folks and win/win syndicators so i can find a place is to invest this year.Not tooting my own horn but you might wanna check the articles below out:Deal Screening Checklist for Passive Multifamily InvestorsThe Inside Track to Vetting A Multifamily Deal SponsorYou'll save yourself a ton of heartache, loss of brain cells and time. 

@Scott Smith writes the equivalent of one article per day on that kind of stuff.

See this article for more information.

The fastest way to learn is to partner with a seasoned investor in your area who can prove he/she has completed numerous real estate investments using numerous purchase and sale strategies.

@Geoffrey TanudjajaHeres a few news articles to read and go over about certain parts of Detroit.

It is always difficult to start some new activity, but you have to do small steps to your goal - make savings, find a responsible real estate broker, get familiarized to all regulations and rules of successful investment strategy, so just prepare to face numerous difficulties, especially with regard to your situation.

Not that it is a competition but as a passive investor, Michael doesn’t pay self-employment tax meaning he will be able to save $4,590 more than Mary Jane.As a real estate investor, you have options and I am nowhere close to covering all of them in this short article.