If you have one abuser, it won't affect everyone else systems.One thing not mentioned that could possible be a concern is were they are placed. ie. are they all positioned well for inspection and/or replacement if need be?

as mentioned above i would find a househack property in need to cosmetic upgrades that has below market rents. make the necessary upgrades (ie. appliances, flooring, paint, laundry, fixtures) allowing yourself to bring the property up to market rent standards and increasing the rent.I'm not too familiar with the market/properties in MI but in central MA we have a lot of triple deckers that are 100+ years old.

A friend of mine, who's been investing in Austin for years, mentioned that this approach is opening up more opportunities for both developers and residents.In my own experience here in Phoenix, flexible zoning has been a game changer.

Not to mention there is an entire country north of us still. 

A non performing asset that for reasons mentioned before and a payment for a property that was recently torn down.

From the Owner's end, as far as selling their Zombie property would you advice the Owner/Seller to contact the lender and try to get a payoff/deed in leiu of foreclosure, etc. or just follow through with a Quit Claim Deed with the Buyer and have him/her contact the lender...for a response within 28 days for so like you mentioned?

Being from Chicago, I'd tend to agree with you @Craig Jones those areas of Wisconson and & Michigan are driveable from a lot of those metro areas you mentioned, but I think the toughest part of any northern short term rental is the seasonaility. 

However, as mentioned already, there are positives to consider and as a rental property owner, turn over and vacancy is a part of the investment, so just getting some experience with that sooner in the process than you had planned on before review of the leases. 

In one of your posts you mentioned the landlord.

It was mentioned by my insurance agent in the past.