Ortonville and Baldwin area are nice ..anything in Royal oak, Berkley ( which is were i was born ) is always hot ..some parts of Warren , Sterling heights ... just about anything in the 248 area code ... but like any area you just have to watch and research and  watch and research watch and research .. then execute ... it should not take long to determine on your own which is the hit areas .. also never hurts to join a local reia. and get to know your agents and brokers right away ... i seen a stellar deal up in Ortonville about 1.5 months ago .. the arv on the place was well over $250k and they were asking $54k .. i dont care if you had to tear it down and rebuild ..it was worth it ..

High quality hot leads.Wholesalers, what is the common problem they all have?

The bottom unit is where I wanted to live and during my two week vacation installed hot water heater, plumbed, rewired, flooring, paint and electric baseboard heaters.

My only addition would be to make sure you're conservative on your ARV, and can justify the value to the investors you're pitching deals to.For if you fib a little and stretch to make the numbers work, you'll start to get a reputation as the wholesaler who has no deals and is simply full of hot air.When you're just start out, people are going to be double-checking your numbers every time, so make sure those numbers are right so investors will feel comfortable working with you.

Water is the easiest for you to pay for, after that I start to get twitchy on the "don't buy" button...When owner pays the utilities, you get tenants who crank the heat up in the winter, and when they are too hot they open a window to cool down...

We found this out because when unit 2's water heater went out completely and was not producing any hot water, we are still able to get hot water from the faucet, aka we are getting either unit 1 or unit 3's hot water.These are pretty old units, we pay the entire water bill that isn't split up per unit.

The line between BD registration requirements and RIA regimes is very murky and some of the leading clearing firm BDs hotly debate the topic.  

However asking people about the market is just as much of a gamble as going down to the strip and asking which slot machine is doing the best or which table can I win on.

Hot water tank?

The bigger ticket items like the roof, furnace, and hot water heaters were all relatively new.