Whether you’re looking at SFHs, duplexes, or other properties, it’s important to pair on-paper data with boots-on-the-ground knowledge to really get a sense of values.If you’re considering anything serious in Detroit, I’d recommend connecting with someone who knows the market inside and out.

I'd sell if I were you. 1) I don't like HOAs and certainly not for STR or MTR 2) the numbers don't make sense for you to invest in a big kitchen/bath renovation 3) it doesn't look like it's appreciating very well.

I found one who's strategies made sense, 10 years later my wife and I have been financial free for about 5 years now by leveraging the concept of house hacking. 

I live in CA but am open to investing anywhere that makes financial sense.

Normally it makes sense to leverage the banks $. 

As a rental, tenants will likely prioritize the location over minor inconveniences.Your strategy of betting on appreciation and eventually pulling equity makes a lot of sense in this market.

I'm trying to figure out in my head how fund model would make sense in this type of community. 

Didn't make a lot of sense to me, but sometimes regulations don't make much sense.  

- Do I qualify for for a section 121 exclusion sense I lived on the property for the first 2 years of ownership?

Reach out if you need help making sense of your investment or a property you want to buy.