Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

Sometimes they forget to tell you that many tenants in Detroit don't pay (depending on the property manager skill and the type of tenant) - but taxes are very high in the city and so is insurance. 

We compromised on the desing as well as the tenant. 

As to the quandary posed by the OP: The root of the issue is that it basically sucks to be an RE investor these days.

This is the most unique real estate investor club, education, networking and mastermind event in the US!

Biggest thing is not letting the tax tail wag the dog. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Thanks for the suggestion @Matt Giordano. 

The location has nothing to do with it.

The DOJ is ridiculous.