I give advice around this topic to clients every day and want to know if I'm missing something. 

Here's a framework I’ve used with clients and in my own deals:Understand Your Total Investment:Break down your actual contributions: $40,000 from cash, $50,000 from the 401k loan, and any additional transaction costs.

That said, even with photos, comping homes in Detroit proper is extremely difficult.

I have a lot of clients where I only get their DSCR business, but not their fix and flip. 

@Chris Kay it's VERY difficult to cashflow with 0% down purchases.We do 0-10% down Land Contracts and know going in we may actually have negative cashflow - which is acceptable given the low down payment and avoiding mortgage costs.

@Shawn Tuma & @Chris KayVery difficult in today's market to cashflow putting 0% down:(5-10 years ago it was possible, but prices have increased faster than rents.Your best bet is to find a property that needs work, but will still pass a VA appraisal/inspection. 

I am thinking about selling the property as it is becoming more difficult for me to manage from a distance.

I used to use the method for years as a Florida Private Banker for wealthier clients that were susceptible to law suits and could relatively easily pay off the line.

And how far back in time would you consider someone a client?   

I still have clients buying in Vegas, but it's not as common due to cashflows being hard to come by with the traditional 25% down financing.