In that area you're looking at average rents in the $1,200 - $1,300/mo range unless this house is extremely nice.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

The value of meetups isn’t in showing up as an expert, it’s about connecting, asking questions, and learning from others’ experiences.

You won't be an expert in all of the trades. 

I would consult with a 1031 exchange expert on this, as they will provide you with the most accurate knowledge needed to make the best decision (assuming you go that route).Good luck!

Just to clarify my previous post, I would like to say that while I've experienced challenges with mngt, RTR/Rent to Retirement has been extremely helpful in navigating this situation so I know what my options are and so I don't feel alone in this process.

I wouldnt do a quitclaim deed but Im not an expert on the topic - I believe its best to go with an attorney or a title company.

Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

Google Drive is extremely helpful and links are easy to share.

I'm extremely new to multi-family investing so I'm here to learn from you all!