Metro Detroit offers many options for meeting the 1% Rule and relatively high ROI.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:Follow our "Deep Dive" series we're doing about Metro Detroit cities and City of Detroit Neighborhoods: https://www.biggerpockets.com/...

Examples I've done on mine between tenants: carpet cleanings, repaint porch, replace window blinds, deep clean all surfaces and appliances, lawn care, touch up paint walls/doors/trim etc.

FT.83 ACRESBUILT 1977 GAME PLAN #1: DONT USE ANY OF THE REPAIR COST MONEY AND JUST THE TRANSACTIONAL FUNDING TO BUY THE PROPERTY OFF MARKET AND RE-LIST ON THE MLS AFTER DOING A DEEP CLEANING, PROFESSIONAL PHOTOS, STAGING, LET THE MARKET DRIVE THE PRICE UPGAME PLAN #2: USE THE REHAB MONEY OF 22K AND UPDATE THE BATHS A BIT, KITCHEN A BIT, CARPET, PAINT, PROFESSIONAL PHOTOS, STAGING, LIST ON MLS AND ALLOW THE MARKET TO DRIVE THE PRICE UPGAME PLAN #3: BRRRRALSO I'M NOT TRYING TO GET A BUNCH OF PRIVATE MONEY FUNDERS AT ONCE.

Maybe run a deep background check on them to see if anyone in the family has a record before you engage with them. 

If the broker doesn't have a deep level of experience placing debt on mobile home parks, you could be in for a lot of brain damage and promises that are not met.

If I'm really deep into analysis of a deal I ask Escrow and they look it up, though I'm not exactly sure how.  

Resonates with me deeply because i was certainly one of those people (before our first investment) who not only had a job I hated but also was deep in debt and couldn't seem to work my way out of it. 

Really jumped into the deep end!

But, the issues with this property is their Roofing is bit old more than 20 years with a lot of patched all around the roof, and both unit's basement floor is covered in water with 1/2 to 1 inch deep (unknown reason).

Three years after the dentist purchased the building I don't know the exact reasons why the building went into foreclosure, but I know for a fact that three of the large buildings the management company was managing went into foreclosure and were sold for about 70 cents on the dollar.Actually, I am not trying to scare you, but you put yourself in a position where you will pay a significant price for having a management company and that will either dig deep into your profits, or bankrupt you.