Use this meeting to gather their perspective on the property and understand their goals before making any offers.Keep It Informal Initially: Avoid jumping straight into specifics about pricing or terms.

That said, Detroit is very much a block-by-block market, so understanding the dynamics of specific areas is critical.For professional investors (and even newer ones), Detroit’s future is bright if you approach it with the right strategy, solid due diligence, and an understanding of the challenges.

Reason for asking is that I am trying to understand what a reasonable target rent per unit is for specific geographical areas. 

Do you have specific numbers to share with the forum, particularly with respect to your in-laws house?

Speak with a CPA specific to real estate to get assistance.As others have mentioned, cost varies depending on location. 

I the understand the wiring for this specific purpose equipment can be considered with the tangible property. 

You need a local/state specific lease.2.

Specifically, what research results told you these were two good cities to invest in?  

Also would you focus on a specific target market you are familiar with and know the comps like the back of your hand and have boots on the ground ?

Oklahoma has a thriving network you can tap into.Partner with Local Agents: A knowledgeable Oklahoma-based agent can help you find properties in desirable locations.Look for Value-Add Opportunities: Cosmetic rehabs can boost equity and cash flow while keeping your initial costs low.If you want insights on a specific area in Oklahoma or tips on connecting with local wholesalers and investors, let me know!