The knowledge you gain will be worth a lot more than the couple hundred you pay for the inspection and will probably save your butt at some point.I have a background in the trades, property management, restoration work, new construction, completed many transactions, self managed 20 units when I was getting started, longtime rental property and home owner etc. so I probably know more than most about buildings but I still rely on inspections in order to see the true condition of a property because you can only see so much just walking through, plus sellers lie and try to hide things.

Please explain in great details if you some of you have made that cross over, can it be done at any time or do you need the play the "rich dad poor dad" monopoly 4 green houses then trade up for the red hotel?

Pay attention to conversations where you uncover someone is a contractor or works in a specialized trade.

Even if nothing is for sale right now, I often find "dark trades" on RCA.

Due to the fact most towns were born out of a local mill or local mine there can be a huge swing in desirability and price in a very short distance.

As it is attracting a lot of Flippers in Detroit at the moment.Areas between 7 and 8 Mile in the NW are just accelerating and the Banks have started to Lend in Detroit.Which is Great news.So house prices are moving steadily up, Flips are in the 70s and 80s price ranges, ARV of 120-130 after 10-15K work.And seems like you are ready to swing - so good luck.

Whoever told you that likely is trying to charge you a fee for “trade accounts” lines of credit......Home Depot, Lowe’s, staples, grainger, etc., Not a Cash line of credit.

Pay attention to conversations where you uncover someone is a contractor or works in a specialized trade.

If you can swing it, I might try and be even more efficient and go for a 4-plex on an FHA.

Add to that they are normally more well versed in the trade and can answer questions better.