I have a little experience under my belt.

And Detroit is not the only place look at many other areas of major rust belt towns.Population and jobs does not support the current housing stock and it will only get worse as downtown revitalization creates housing that goes vertical and higher density

At least not without a decade of recovery under their belt. 

The other 50% is owned by my brother and his wife.So my understanding is it would be considered self-dealing and I should steer clear, however if I were to have ownership with the 401k plan then holding a note with the same Plan could be a tool in the tool belt.

A buddy of mine told me to short it when it hit like 130 and of course I did not .. would have made a nice hit there.And then the fact remains parts of the country just are not liquid have never been liquid and will never be.. those are the really high rent to price ratio markets of the mid west and upper rust belt...

Thanks for any referral, and please I prefer someone with time under their belt, that knows what to look for and has an established network.

FYI a lot of these rust belt midwest areas with "nice" properties at $170k used to be $80k a few years ago and still have the same low credit tenants as when they were half the price.

Honestly, people rarely do until they get a ton of units under there belt and have to make decisions about keeping a job versus jumping in to manage full time.

As I state whenever I am answering this often asked question, Almost every major "rust belt" city has pockets of really good investing with high returns and places you should avoid.

Looking forward to connecting with and learning from all the content here on BP from folks who also started later in life chasing something they believed in and found success, whether you're a day one-er like me, or if you've got a plethora of deals under your belt.