And like many other cities, vacancy rates are still low, lots of demand for housing of all types.  

Install low profile LED lights or wall sconces.If this is an investment property you need to be thinking about returns.

So the choice of tenant would be key.On the flip side, reasons to hold: a very low mortgage rate; probably not the case. 

I’ve already put down a $2,000 earnest deposit and paid for the inspection and appraisal.This event is unprecedented in the area, as the area is typically low in violence and considered very safe.

We look for good school systems, low crime and desirable neighborhoods.

If you paid over $375k MAYBE you could keep it because the taxes saved are so low.

Damon That's the rub with low income tenants.

It’s just not worth it in Detroit especially with the low price points. 

Should I price the land 2 times above market value and offer a low interest rateORPrice the land at current market and use a very high rate?

That being said, I'm not a fan of holding property in anything sub B quality.