Quote from @Nathan Gesner: Quote from @Danielle Levy: I agree with Nathan, you should bring more to the table and lay it all out there so that we can give you the exact detailed answers you are looking for to be successful.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

I'm not sure if the program is still going on, but has definitely revitalized a lot of the area when it was once destined to follow the way of other older cities that are aging out of existence both in terms of people and property. 

With that said, the income can still offset the cost of holding the property as a long-term investment.

After all, you have no evidence they agreed to pay rent or any of the other terms.

What are the terms of the lease?

Ask them all the details.

Feel free to reach out with your scenario details.

Stretch the terms or better still negotiating favorable terms with the seller could significantly ease the burden of acquiring the property.Private Investors: As of December, the stock/forex market are performing bullishly. 

As the new property manager, you have the authority to enforce its terms.