Absolutely Section 8 always there to save the day… isn’t socialism great! 
What’s to stop any tenant from doing that? Those people are more scared than normal tenants. A landlord can report them and get them kicked off the section 8 program. They are smart enough to realize they don’t want to lose the free ride.
Um… for a property that is under 50k you can care less about how it gets “destroyed” 
I forgot to mention the property management will steal you blind… It is sport in the flyover states to fleece gullible California investors… They think you are all chumps.
Um… do you still need a property manager if you are on Section 8??? Just fly there once a year to take care of the annual inspection…
Like I said go do it and report back
My friend bought 300 units in Atlanta. The seller neglected to mention that 10% of his renters didn’t feel obligated to pay rent to the Man… He thought everyone knew that…
good luck
Sometimes I feel like I am the only one on here with professional management experience.
Oh right I am the only one with 40 years management experience and with tales from my grandfather going back another 40 years. plus dozens of friends that own thousands of units…
Via con Dios… Send us a post card from Detroit…
Your points are appreciated. They are not going to the void 
Yes I’m only joking around. I’m well aware of all the logistical difficulties. I’m just a mom and pop shop investing in the local market only for now and nowhere else…
My good friend just sold her house outside Detroit. In the country… No ghetto. 1800sf 20 acres. For $160k
Broke even on the rent for ten years. No appreciation
Tons of maintenance issues.
She is a Reno school teacher. Ask her about investing in Michigan… The property tax was $3000/ year…
Fugetaboutit
That’s her undoing. She should’ve invested in the ghetto…
She prefers life to profit. That’s why she lives in Reno.
Can’t imagine teaching in a Detroit school. Besides it wasn’t an investment. It was her home. Kept hoping for appreciation to help the pain of selling… never happened
Yes will not go for cheap stuff in Detroit. Even though very tempting. I’m having my hands full already dealing with “cheap” stuffs here in Pittsburg and Antioch…
My friends Brian and Colin of Waypoint got rich in Antioch
My friend from Michigan is still poor.
Location matters
2 Likes
Waypoint? You mean Baypoint? 
http://maintenance.waypointhomes.com/merger/
Now a reit. These guys started buying in Antioch in 2009
Now have over 80k homes nationwide thanks to a few mergers
Looks like real estate leverage works very well in rising market. It’s too easy be a mult milianare for some people. Real estate will have extremely small chance go down like 2009. I guess it will keep rising.