You'll probably have to post a bond, though, and you're gonna be responsible for any liability and code violations.Depends a lot on the structure if it makes sense to try and do yourself.

@Cecile Poyet as an investor in anything, stocks bonds, forex, crypto currency, real estate.You will always be too early or too late.

Let's not forget the government types, planning and zoning, building regulations, finance department running bond money through.Who else can you learn from?

, Are they bonded & carry E&O insurance in the name of the actual exchange company?

Trash can and you'll have a better chance of using hen's teeth as collateral for any mortgage loan in selling it. :)

The only way to get a fixer with low money down would be the FHA 203k loan, which will again be for owner occupied residence only, but then you will need to do the rehab by the book, with full permits, using only licensed bonded contractors for the work, not so much of your own sweat equity.

I wouldn't want to turn around and buy something at the same lofty heights when I sold seeing that that's the basis for selling to some extent.I'd probably rent something and feel out the market, maybe invest the cash in stocks/bonds/etc. 

Does any know of an excellent bonded and licensed GC in the Chicagoland area that they could refer??

Hi Tushar,Welcome to BP.There are generally no completely "safe bets" in real estate, and definitely not in Detroit.I suggest you do a search for Detroit in the forums and learn as much as you can.Detroit is a very difficult and dangerous market to do long distance.If you are looking for "safe bets" buy government bonds.

He wasn't terribly friendly and he had a lot of tattoos and no teeth.