Lots of valuable information and I'm definitely going to do a deep dive into each one and begin taking action.

Have them do any repairs and a great job at deep cleaning the place. 

@Abigail Dickinson,  Here's where you start to get into the deep weeds :).

@Denzel Faulken as typical when asset prices rise, many investors are chasing riskier assets to still hit their target ROI.For real estate rentals, that means usually going from Class A to B, or B to C.You might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:https://www.biggerpockets.com/...

There is so much rehab and investing going on from retail and investors with deep pockets (hedge funds), that contractors are booked at retail prices, and finding a good contractor willing to spend time on investor level prices is hard to find, for now.

Everyone else on your team will be transaction-based and not really involved after a purchase.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/...How to “Screen a PMC Better than a Tenant”: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processes

I go for deep discounts in properties and I'm not afraid to walk away from any deal.

I got a chance to meet Wendy Patton whose was mentioned in the Millionaire Real Estate Investor book and joined the MREI group to begin networking and deep diving in the real estate.  

I hear great things, from a cash flow standpoint, about investing in the smaller, outlying towns from major Texas cities, and I think the same is true for CA, if you go deep into San Bernardino or Riverside counties.One concern I do have, and I think you alluded to, is the concentration of one industry in a metropolitan area.

However, this thread went off the deep end from a guy asking for advice to several of you comparing him to a criminal and the transaction to a planned conspiracy!