I imagine others don't like that it's in an older condo building without private laundry.

Make them build them, so they own them. 

The buildings were still usable.  

Build a fantastic team around you. 

It’s been incredibly rewarding not only to save my grandfather’s legacy but also to build equity and increase cash flow.

Buy at a discount given the lack of building potential and can always pass that discount along when I sell.2.

In the long run, I want to build a portfolio that will bring in cash flow.Would be great to connect with all types of professionals who work in the area.

With thoughtful planning, you’ll be well on your way to building wealth and achieving your goals.Good luck! 

Most (not all) HELOCs require that the property is titled to an individual (not LLC) and are full doc, meaning your employment history, income, DTI etc will be factors.

-Build a strong network in Detroit of real humans over a period of months, buy a better deal, hold it for 10+ years, weather early storms:  better chance for success.Even on that latter deal though, are you going to cash flow in month 1 or year 1 or even year 5?