My mother is in the beginning process of purchasing a home in the Bronx, NY as an investment property.

Too many investors get scammed into buying the wrong properties in the wrong Neighborhoods:(That's why we're working to list and rank all of Detroit's 183 Neighborhoods on our website.

If you are looking for an investment it is very helpful to know from the numbers perspective of what you are looking for, strategy, what type of areas you are looking in, condition of the property/how much work you are comfortable with, etc.

(Certified Commercial Investment Manager).

When we purchase a property, we have CA fees (title search, owners title insurance, lender's title insurance, attorney fees, etc.) and when we close/sell a property we again have CA fees. 

Originally I was just going to flip this property,  now I really want to keep it as a rental. 

When do you look at a property?

The second property can also be a multi family property up to 4 units.

We don't see SF for the cap rate.Primarily commercial or NNN, my rule is that the minimum needs to be +3% above Gov Bonds. 

deep down, what I like about it is the cost is higher, hopefully there are less people there who have zero money and are like the peddlars at the street lights trying to raise a $500 EMD money to wholesale a property they have never seen 2000 miles away.