Along the way, I really started re-prioritizing what was important for me, and our family. 

There is more safety in owning a property outright.You should study the benefits of both, apply them to your situation, and then determine which option is best for you.

There are legitimate public safety risk homes there that can NOT be torn down because the setbacks are now too restrictive to allow a new building, even at the same size as the old one. 

Sell them on the safety of their child, providing you are offering that.

If the large loss would have put you at a big disadvantage if you found a deal today and needed the money, then I'd still go with safety and accessibility (savings) over the brokerage.But ultimately its up to you!

The Zip code of 48221 is next of the list, here is the link https://detroitmi.gov/departments/buildings-safety-engineering-and-environmental-department/rental-property-informationI believe renovating and selling for top dollar would be in your best interest. https://www.clickondetroit.com/news/defenders/detroit-landlord-jailed-for-code-violations-including-apparent-black-mold-raw-sewage-at-home

Hello everyone,If I plan to buy a property and potentially exit in three hours or less but still I want to have the safety net for 10 years if the market changes what do you suggest.I am concerned about the balloon payments if I took it for 10 years and had to pay back early.

The tool would be able to do myriad analysis to evaluate the deterministic analysis such as margin of safety, probability of a return, maximum buy price given a certain probability of a return, and calculate the opportunity cost comparing this investment to an equal investment in an index fund.Does anyone think a tool like this would be useful and beneficial or do you think it's more of a waste of time?

It appears that State Farm provides insurance and four other companies. https://www.statefarm.com/simple-insights/safety/its-not-the-breed-its-the-bitehttps://einhorninsurance.com/dangerous-dog-liability-insurance/

I would consider using financing even if you don't need it to keep cash available for the next deal and to keep a nice safety net.After 2 years of reglar income from this you will be able to finance this business.