There's an article online about a guy who did this for dozens of properties in Detroit. It didn't work out so well because rent is more like $400 a month. The t

There's an article online about a guy who did this for dozens of properties in Detroit. It didn't work out so well because rent is more like $400 a month. The typical fix cost on a $5K property is $20K because of tax payments in arrears and liens and so forth.