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Single-family landlords sinking cash into Rust Belt rentals

85 per cent of the homes sold in Detroit last year were purchased by investors

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The combination of low prices and optimism about the local economy has made Detroit popular with property investors.

New York

AL BEAHN was a 22-year-old college graduate living in his parent's basement in the Detroit suburbs when he bought his first investment property in 2009. It cost him US$27,000 and he flipped it three months later for a US$16,000 profit. Today, his company, Pioneer Homes, has

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