I have given some very strong consideration to buying in Detroit.

@Ryan Donohue Yeah, I guess I'm a little surprised that so many folks are triggered on here about the idea of bringing in $30k/month.

Here are some considerations to help you make an informed decision:Rental Income Potential:Duplex: Owning a duplex allows you to live in one unit and rent out the other, providing a steady stream of rental income.

The "public marketing" of these will probably be triggered the minute someone mentions an off-market property for assignment, whether that's online, email, phone call, etc.

It requires revision of the stated principal of the loan, triggering specific rules known as OID - original issue discount.

Capex is separate from ordinary maintenance.There are also considerations when buying an occupied rental.

Are there any considerations for either upgrading or not upgrading in this situation when we plan to have renters in the house?

. - Allow time for consideration.

But when living in such close proximity with other tenants, they really need to be considerate on how it's affecting others. 

They all said the their 2nd home loans, without exception, trigger a due on sale clause if the property is moved to an LLC.