@Marcos A MirandaIf you're net is $150-$200 per month and you have a property that is over 500k and you bought in a high appreciation area your will likely gain more in appreciation than cash flow in the next 2-5 years.

I can't speak on behalf of Detroit, but in Atlanta, the flipping business is highly competitive.

Analysis paralysis is something real but definitely have to be overcome to start.

Orlando is a tough market, I think it would be very difficult to show any return at all right now with the high rates.

There are a lot of good deals on 2-4 units right now but one thing I would avoid is the few townhomes and Condos that have high HOA fees.

Lots of things to consider - and price is definitely an important factor.

I know debt to ratio is a little high, but even when credit cards are paid off we still can't seem to get approved.. 

I would say, you may be able to get lower rates than mid 8s as my lenders are high 7s for a similar scenario but you may be tripping over dimes to save nickels. 

The risk you run with this model though is you would risk being over leveraged since your using 100% debt, and you would need the property to have a high cashflow amount each month to cover Capex, insurance, debt service, and your normal expenses associated with the property (property management included).

Is that a high crime area?