Quote from @Kash Tacke: Hi,I have two single family houses in Detroit currently rented out. 

Based on this article (https://www.thebaltimorebanner.com/community/housing/baltimo...) it looks like that out of 41,000 tax lien sales, 1,750 were foreclosed on.

You know those signs that say "we buy houses for cash" call them and say you are investor looking to buy a flip. 

Hey Account Closed - I highly suggest  using a renovation loan and house hacking a multi-family if that is possible with your current life circumstances.The 203k and homestyle renovation loans are just amazing products and drastically help you reduce your risk, in my opinion, because you are able to leverage the cost of the entire renovation with such a low down payment loan.We work with a lot of clients who use these products in Chicago, and no matter what, in the long term, they gain great equity.If you aren't able to house hack - the process is essentially the same, but just with more money down with hard money or conventional construction loan.

In our area, the housing authority does annual inspections to (mostly making sure the landlord is keeping up the units) review the tenant and the landlord. 

If you are interested in becoming a landlord or buy and hold investor a great way to get started is by house hacking a multifamily with an owner occupied loan. 

OK Thanks Chad.. yes now that you clarify that and I also work in the low value asset sand box but only to Investors who have money to turn them around I would never count on those owner occ's to cure at least at any large % to easy to  walk  and the properties as you mentioned many will be functionally obsolete and economically obsolete so they turn into your basic zombie house that local wholesalers go for ..

We own a property in the mountains on 2 1/2 acres that has 3 houses with 9 bedrooms and can sleep 24 people.Our second house is on the beach off of Playa Avellanas.

My clients who invest in Section 8 housing do so in 'not quite' transitioned communities but that have low crime rates.

You can house hack the other rooms.