The only issue is with a bit lower rent there's a higher number of applicants that won't qualify but I don't mind the volume to get it filled. 

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

That is a fairly low priority issue for the Detroit police. 

Always fix all water issues first before moving on to doing major repairs of a structural  nature.  

The big issue is people just buy a 3bed2bath and put okay furniture in it and expect to cash flow $5000/month.

You need to find out the source of the issue first before you start charging the tenant. 

Home could've settled and nothing further to do or you could be seeing a bigger issue at hand that the seller needs to fix.

One thing my wife and Iearned doing this was the noise from projects can be an issue. 

Unfortuantely, things happen that are out of your control.The insurance issue is such an important takeaway.

Quote from @Arun Maheshwari: Hi,Does the bank owned foreclosure property allows to put Inspection contingency for big issues like plumbing, eletricity etc.ThanksIf it is bank owned and the foreclosure has taken place - possibly but they would make you responsible to turn on power and water and turn it back off.