Hello, I have been studying Detroit real estate deals for few weeks now and they seems too good to be true with 30% cash flow after everything paid off and 100% downpayment.

With the intention of holding for Cash Flow.

As I'm looking at properties I start to think....what if I buy a place they want and makes cash flow.

As I'm looking at properties I start to think....what if I buy a place they want and makes cash flow.

@Michael J.I agree with @Steve Vaughan take the money you can make doing the day JOBThis could be 4 down-payments on cash-flow positive rentals.  

What would be the typical cash flow per door for a 4-plex?  

-the property is in a non warrantable condo complex-loan size of $70K-$75K-property is rented and has good cash flow-I would prefer a fully amortizing loan (no balloon payment); so preferably a 30 yr with 30 yr amortization but would consider a shorter, fully amortizing loan as well-Looking for a LTV of 75-80%The deal size is too small for a lot of lenders (including B2R).

Will this be done in phases, while still having cash flow, or vacant while rehabbing? 

If I chose to pay for all of that with cash, I'd be out of pocket the full 74k, and have an estimated cash flow of $5,760 per year.

I do realize east coast co-ops tend to be somewhat different than the west.Has their been any consideration to converting to condo?