It’s been a good blend of cash flow and appreciation for me, and it might be worth checking out as part of your trip to the Midwest.If you want to chat more about Detroit, feel free to reach out.

I am a sucker for houses with character/old houses, so I had my eye on it;) How did you find this deal and how did you negotiate it?

A fun research trip!

It's always a tough call on whether to just do a day trip or pay for a rental as the costs of a nice rental can add up quickly.The TL/DR (which I'll expand on) is that we ended up changing to a strategy of letting others help pay for a cabin that we know we'll love.

The toothless homeowner taught me so much about humanity and character as well as what people are will to do and say to keep their house. 

It was mistakenly charged as if they had done each task as a different trip, rather than all of them in one trip.

I think there are two maybe 3 ways to look at this in my mind.  1) you go into it and bring it all up to modern standards but using that old charm to basically take what is there bring it up to modern standards and rent it out essentially I'm thinking cocktail bar or something trendy like that.2) most banks are on really good centrally located real estate if this is true, then I'd consider it for the dirt, plan to scrape the lot and go vertical with whatever the highest and best use is.3) a kind of combo of the two, if the lot is in a good location and its doable, pull the vaults or other "character pieces" out of the building, scrape the lot, and build whatever is best suited for the site there, but incorporate those historical pieces into the final designs.Is the site near a major retail area? 

@Elisha Johnstoni'd house hack where you live first.and if you're serious about investing in Ohio, make trips to Ohio.do not buy a random property solely because of its low purchase price. that will set you back.good luck.

I guess I'm one of those "goofy detractors", however I do not recall having levelled anything ad-hominem in nature on this thread (it would be quite out of character).I am not even certain I would call myself a detractor - If someone wants to borrow money to pay-down another debt, that is their business.  

By getting to know someone’s work ethic, goals, and character over time, you’ll be in a much better position to determine if they’re a good fit for a long-term collaboration.