The owner of the PM company would give me the run-around…and then would DRIVE to Chase Bank to make a deposit.

Almost all RE people drive by this every day, not knowing it is for sale. 

Without getting into it too deep or hiring an appraiser how do you vet good comps?

Will we eventually establish roots to either permanently live someplace else or become snow birds?

Have you considered looking for off-market deals by driving for dollars, etc?

We figure each mail piece costs about 85 cents when we either purchase a list, create our own list, pay for the labor, paper, stamp and envelope.85 cents is not a lot of money, but 20,000 mail pieces will cost $1700 and then when you don't get one good lead (and that is common for 20,000 letters) then that $1700 eats deep into your pocket when you can get thousands of leads for free.One problem with direct mail is I get no less than 3 letters every day of the week from investors wanting to buy my properties.

You could drive for dollars and door knock? 

I’m currently aggressively educating my self trying to read at least 4 books a month while also driving for dollars and going to as many R.E.I meetups within a 65 mile radius of my home, which is in Sarasota Fl.

So, that's your first decision - suburbs vs City of Detroit.Suburbs are safer investment, city is riskier, but higher corresponding potential reward.Follow our "Deep Dive" series we're doing about Metro Detroit cities and City of Detroit Neighborhoods: https://www.biggerpockets.com/...

Good afternoon BP Family,Today I sat down and decided that I had really done enough research on potential properties to jump in the deep end and stay afloat.