Before taking the leap, thoroughly research Section 8 in Detroit, talk to experienced professionals, and carefully analyze the numbers, factoring in possible risks and rewards.

Your "generally cleanish" tenant will leave you a mess to clean up, you'll lose a couple months of rent and utilities, and you'll realize that a $50 late fee isn't extra income.Don't reward her with cash for keys.

Make sure to carefully consider all the risks and potential rewards before proceeding with the auction.

EVERYTHING in in real estate is geared to rewarding Agents who can sell YOU on the idea of buying or selling a property..

Scaling that fast may work for a very few but for most that will be more stress and risk for not much more if even any extra reward. 

You will be less loanable to banks, it is high risk/high reward, and you will most likely be working just as many hours if not more vs your W2. 

If you're committed to maintaining your property and navigating the administrative processes, Section 8 can be a financially and socially rewarding investment.I hope this helps, and best of luck with your decision!

Thank you,Rami Risk/reward, it’s one of the only areas in region you can get a really good deal vs peak prices, but there’s obviously the risk it doesn’t come back or that it gets worse, I’m slightly risk adverse & crime is something that I have no control over, so I’d probably not be a buyer there but the prices certainly are interesting, if I was included to invest in a down home in dc I’d probably look more Michigan park/riggs park area.

Those who just sat tight, held their stocks have been handsomely rewarded as the market went to all-time highs.

Lower risk and potentially higher reward.