that's a lot of bread to get the leads.. so you need tons of seed capital.those that have little to no marketing money to start .. pretty tough unless you bag a deal right out of the gate to keep you going.its the same for real estate agents getting started in that industry.. when  I had my shops and interviewed new licensed agents it was something we talked about.. you need ONE years of living expenses in the bank to even think about starting in this business.. same with wholesaling.. to try to do it with no money while it can be done .. flame out is virtually assured because of lack of capital in your small business. 

So you got your loan in the bag now.

I grew up in Escondido before moving to pacific beach, then downtown, now mission hills (where I’m about to add a third story to my house since I can’t bring myself to pay cash for a bigger house in this market)Not trying to bag too much on Poway but I think it’s not the best example of what SD has to offer 

people are seeing that more and more and would make the stop if that's their cup of tea so to speak.

@Julie Pedraza a real estate license is an effective tool to have in your bag, congrats! 

I welcome my tenants with a Walmart bag full of goodies on the counter to greet them usually consisting of ; a pack of Newport’s ,a bottle of mad dog ,some mouse traps ,flea and roach spray also a book entitled “how to pay your rent on time “

Both metros have some of both to some degree.Detroit is a huge mixed bag.

There was some leaking in the basement when it rained (literally every property I have purchased has had this issue because most landlords had slumlord PMs working for them) and I fixed that issue on my own using mortar (it costs under $2.50 a bag at Lowes). 

The downside is they might try to retrade you later if they subsequently realize that they gave up too much, or might not even be able to perform on the acquisition, leaving you holding an empty bag. 

I'm going to be dropping the hammer on some guests who stayed over Christmas, were SUPER PICKY about everything and had me scrambling on Christmas Day to find pots and pans that didn't have superficial scratches on them... and then left the place a total mess, didn't follow any of my check-out instructions, my housekeepers picked up an entire garbage bag worth of trash - and it was just two people!