It’s a market with its own set of challenges, but it’s also packed with opportunities if you understand the nuances.Happy to help if anyone here has questions about Detroit investing or wants to explore what’s possible in the market.Looking forward to continuing our conversation, Mattin!

This does pose a challenge since that real estate is a lot more expensive than if you go more west and south.

We are willing to provide additional documentation to support our request and discuss any potential steps to ensure a smooth and fair process for all parties involved.Thank you for your attention to this matter.

Inherently the steps are the same as if you were purchasing with financing save potentially less closing costs and ability to close sooner (if needed).The terms of your offer (ie -contingencies, closing cost splits etc) will determine what is different. 

Challenges?

Quote from @Carini Rochester: Since you inherited the house, you get the stepped up basis.

Then there are the challenges with Section 8 tenants paying utilities and taking care of their rental property.

Hey @Michelle Baldwin, yes this is a challenge but everyone said it best.Simply, you can just use a different browser to be logged into each VRBO account.I also think that @John Underwoods idea will work as well.

They have definitely become more challenging since rates have gone up.

Even better, I might be able to snag it well under market value since it's an estate sale that's been sitting on the market for nearly 200 days.Here’s the challenge: while I could afford to purchase the property under market value, I’d be stretching my budget thin to cover the mortgage during the period I’d be remodeling the basement to make it rentable.