Understanding the market trends, neighborhoods, and property values will greatly benefit you in making informed decisions.

We need to establish a contract (or shop around for reputable companies that are willing to do this).

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!

Buy them well so you can refinance out the downpayment with a Home Equity Line of Credit with lenders that will do that for you and go shopping again.

These numbers sound decent but whats the condition of the property and is the $925/month rent sustainable for the neighborhood?

You can get a block shot of the neighborhood as well which shows you what the other houses are worth.No, you aren't an appraiser.

Maybe better to buy for rental in non-HOA neighborhood.

The allowed rent amount should be pegged to market rent, so it would only be way off if your unit is a way different quality or neighborhood compared to average. 

I want to say its like a C neighborhood (not sure if there's an actual site that'll tell you more accurately).He already has a team in place and I'm pretty much just taking over his property and its pretty stable.

@Shibashis Dutta Detroit has 183 Neighborhoods - some you want to invest in, some you don't.We've got them all on our website and have info on ranking them.What else are you looking for?