It's been extremely good to me and the city is undergoing a crazy amount of revitalization.Given your desired price point you're probably going to be looking in Detroit proper rather than the suburbs.  

Hi all,Currently undergoing extensive renovations on a triplex I purchased two months ago.

At first blush, canopy storage is just a building with no walls, ergo, it is cheaper to develop (I know that probably doesn't hold true).This development site would not be a good candidate for traditional storage development; it's 1) 1000' up the road from a site I am currently developing, 2) 2000' from a older, larger facility (that just recently sold and is undergoing an update), and 3) it's located on a secondary road with minimal traffic and no visibility.But; it's 4ac, zoned I-2, and it's surrounded by ~20ac also zoned I-2 that a business partner owns.

Ensure that each potential tenant undergoes the same screening process for fairness and consistency.You may want to consider the "Leasing Only" services provided by some property management companies.

I am undergoing the process of purchasing my 3rd home and the thought of setting up an LLC came to mind.  

The downtown appears to be undergoing a revitalization of sorts.

@Kyle Swengel - as with any city, there are definitely pockets of the city that change block by block;  35810, 35816, and 35805 are like this.  35805 probably has everything from A to D class (majority is C class), because some of the zip is undergoing a massive change in neighborhood dynamics. 

And self-employment income must also undergo a cash flow analysis due to COVID (brand new "fun" as of the past couple of weeks), so make sure you have separate business banking and keep tidy books!

You will undergo the GP & LP relationship. 

HiPlanning on investing in a 3b2b SFR in Charlotte NC metro area for MTR purposesTarget tenants would be families undergoing renovations/relocations and corporate placements.