However, buying in one of the lowest class areas in the city means all the issues with lower class areas.  

The wholesaler has picked a title company but is willing to use my own as long as they are able to deal with an assignment of contract.

From my experience, the key isn’t just picking the right city but building the right local team including contractors, property managers, and agents you can trust.I actually live in Dallas, but have experience investing in both Toledo and Detroit as well.

Target a Class B SFR rental and don't try to buy an odd property.You'll have enough of a challenge learning the basics and won't need to layer other issues on top!

Have you thought about trading the fiveplex for a Class B duplex in a Class B neighborhood and move into one of the units and rent out the other??

A small class B multifamily using a Starker exchange would be a lot less headache.

.- Also depends on if Class A, B, C or D property, which impacts probability of default no matter what PMC does.2) Negotiable, but most PMC's charge an hourly rate, which includes their markup.

Working-class neighborhoods that once rented for $950 to $1,000 are now easily pushing $1,200 and up — and that’s without Section 8.The other big takeaway was stability.

The moment I picked up a hammer I was hooked, and that passion still drives me every day, Everyday I strive to be a better tradesman and make a bigger impact on my community with the skills I have learned.

I picked up another bottle of Weller 107 and Little Book Chapter 7.