For some reason our society changed the arrangement from working six days and resting on the seventh to working five days and watching sports the other two.

A real estate broker, for the purposes of this article, is defined to be a person, firm or corporation who, for a fee, commission or other valuable consideration, or by reason of a promise or reasonable expectation thereof, lists for sale, sells, exchanges, buys or rents, or offers or attempts to negotiate a sale, exchange, purchase or rental of real estate or an interest therein, or collects or offers or attempts to collect rent for the use of real estate or solicits for prospective purchasers or assists or directs in the procuring of prospects or the negotiation or closing of any transaction which does or is contemplated to result in the sale, exchange, leasing, renting or auctioning of any real estate or negotiates, or offers or attempts or agrees to negotiate a loan secured or to be secured by mortgage or other encumbrance upon or transfer of any real estate for others, or any person who, for pecuniary gain or expectation of pecuniary gain conducts a public or private competitive sale of lands or any interest in lands.

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.

How much should I reasonably expect to pay in state and federal tax?

Kinyada Frazier Usually if it sounds too good to be true then it is.

@Brad WoodallYou may have many reasons for wanting to hire your cousin's wife.

However I'm new to this and wondering if I'm missing/overlooking anything or if it's too good to be true. 

The last statement above is mostly the reason for my questions below.  

It may not be the more profitable property but a cap rate is not designed to give you that information.Scammers want you to believe that the 10% is a return and is more desirable when in fact the opposite is true. 

If you are already in Columbus I don't see any reason why you would need to go outside of central Ohio to pick up good rentals!