Also with plans to reduce industrial "intensity" in and around residential areas. 

Looking at this mathematically, if you assume a 50% non-renewal rate (industry standard) and use the low end of the range of $5,000 per non-renewal, there is a loss of $50,000 per year on a 20 unit property.

Pretty solid appreciation in that area with an average of 5-7% per year, and it's also close to a lot of industries like the Chrysler plant.

Prices are still relatively low compared to many other metros, and rental demand remains strong.I built my portfolio to 12 doors there while living in Detroit (now back in California) and have seen firsthand how the right strategy can still work.

sadly its a stain on our industry right now.

@Julie Doke: Industry specific software speaks to you and you can easily relate it to your day to day process.

There are other ways to be part of the real estate industry besides being an investor and those may be more financially advantageous for you. 

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

This has been well worth it compared to the 40+ hours I was previously spending doing this myself come tax prep time.

@Kyle Cross you claim to know a lot about the industry, but your questions are vague and so is the info you've provided.Not sure how managing 8 units doesn't, "require much management"?