Oh duh, sorry, I wasn't doing the math.

Logistical nightmare.Also sold some single wides across the pond...but when the buyer did the math and found that we would be spending more to ship than the home cost, it was cancelled.We do ship SIPanel homes to Haiti in a container and then put them together when we get down there (going again in 2 weeks).

There's no easy way, you have to do your homework.

On inside it looks clean no visible signs of wear and tear but again i have just seen pictures.Estimate Rent: $700/mo (both units)Math: This property passes for 2% and 50% rule (based on atleast $40k purchase price)========================================My question is should i go for this property as a first time buyer knowing it will need some money to fix porch ?

Definitely do the math to make sure all the numbers make sense.

If I have done my homework, it is reliable security with good intentions.

Its all about doing your homework.

I know I can rent this place to college kids for $350/per bedroom ($1400).So my math breaks down like this:Purchase- $85,000Down Payment- $17,000Mortgage (80%)-$68,000 (@7%, $450/mo)T&I- about $200/moVacancy and Repairs (15%)- $210/moTotal Costs- $860/mo$1400-$860=$540 cash flowCash on Cash-($540*24mo)/$17,000=76%Cash on Cash w/ mortgage-($990*24mo)/$17,000=139%This looks to be a great deal...

But if you're going to invest within the city of Detroit, do your homework and work with someone who knows it on a street by street basis.

Looks like you did your homework already.