I'm hoping for some input on the best way to write up the lease contracts, as that is my next personal assignment.

ALSO, You can buy your personal home that is a rehab, fix it up then live there for 2 years.

instead, why not find a market 1-2 hours away where you can be hands-on / in-person?

I flew in town, ended up setting it up - they finally hired a task rabbit person, as their team would just deliver a box and leave.

I had hoped to set this up with PNC since I bank with them but an in-person visit to the branch is required for set up and this is not possible since I now live in Washington state.

This would allow us to come to the table with less funds out of pocket on the front end when starting construction.Is the best way to complete the transfer of ownership through a traditional sale registered with the county? 

No talking to will fix a person raised to live like a pig.  

While I've never invested personally in Detroit, my usual word of caution to investors in these "lower cost" markets is that while cashflow is great on a % basis, make sure to look at the actual quantity of cashflow. 

I’d recommend checking local investor groups or networking with other landlords in Memphis to get recommendations for more competitive options.One company I’d personally recommend looking into is RiverTown Realty.

Building wealth quickly is not an enjoyable experience—you have to go through some pain to experience the reward at the end.Trust me, from personal experience: the quicker the wealth building = the more pain.