Market 1bd rents are about $1500-$2000.Ideally, we would have 24 months to get thru plans/engineering/permits/renovation.

Quote from @Chantel Holsather: I am always an advocate if you can fix up a property to make it more marketable, that is really the way to go.

They may want you to put some kind of disclosure in the offer about buying under market value for the intent of making massive profits or something like that.You'll also want to know what kind of split your broker expects from you if any. 

Attend every local REI MeetUp you can.

At some point you buy and fix up real estate to eventually sell it and live the life you desire.One piece I would make sure to consider is the current condition and rents for the duplexes before you put them on the market.

In today’s competitive real estate market, where inventory is tight and opportunities seem few and far between, many potential buyers are overlooking a game-changing option: renovation loans like the 203(k) and HomeStyle.

Unless you make the theme of the house around that famous person, I dont think consumers will pay a market premium on ADR to stay. 

To connect with potential partners, consider attending local real estate investor meetups where you can network with those looking to invest passively.If you’d like to explore HM financing options, feel free to reach out—I’d be happy to chat!

My experience has been overwhelmingly positive, but—like any market—it depends on your approach, risk tolerance, and the team you have in place.Detroit is unique.

As far as meetups go, you can find a lot of local events posted here on BiggerPockets: https://www.biggerpockets.com/forums/521-real-estate-events-...I also have a list of Chicago meetups that I can share with you as well.