Another big problem with Detroit is all sorts of unscrupulous "turn-key" companies and others, preying on unsuspecting foreign investors who have no idea what they are getting into.

So far i have called the previous landlords, called current/former employers to validate salary and years of service. obtained a credit and background check, had them fill out an application.Are there any key things I am missing?

Yes I plan to make this my career so planning ahead is key.

They are getting keys day after I close (tomorrow) and have paid up until August.  

@Abhi Jain  if your already this nervous  then you should probably go with your gut instinct so you don't worry yourself.. there are literally hundreds of turn key providers in the US.. you may want to do a little more shopping and research before you hone in on one company..

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

The properties don't have to be turn key but would be ideal if they mainly just require cosmetic work.Thanks,

Fortunately we were finally able to motivate them to go for a cash for keys agreement, and we took possession.

Cash for keys will probably be quicker.  

Usually after a year or two of steady rentals, go to the bank and refinance, and pay off the original seller, as they typically want a 5 or 7 year balloon.The key points in my other posts: get it appraised so you're not overpaying, and use a good attorney that understands seller financing.