I don't think we can expect at this price point the flooring to be like the vinyl you walk on in large department stores like walmart (those are commercial products)... but for the price, as long as you realize that there is a give and take, you'll be fine. 

Famous last words before realizing one lost all their capital buying a Foreclosure. 

I did make a trip to Detroit and drove around neighborhoods to realize 'every block is different'.Its still sounds lucrative wrt ROI, but with concerns of- Property taxes : probably most complicated of all states- Home insurance is too high- Property management is too variable, anywhere from 6-12%.

Are you not going to even try because there can only be one (which is not even the case)That doesn't change the fact that what I am saying is correct.Do you realize this entire topic has nothing to do with any of this?

I've seen managers give presentations to DIY landlords, teaching them how to better manage their rentals, and they hire the property manager once they realize their mistakes have been costing them money or time.

I've been investing there since 2019 because, at the time, I was living in the Metro Detroit area and saw the progress unfolding downtown.Folks are starting to realize it now after seeing the NFL Draft there the other month and the population is now officially increasing again.

Property managers must take on these challenges if they want to realize the clients goals.

I initially looked at this deal as a flip but realized it works as a BRRRR and I would prefer the tax benefits to the tax penalties of a fix and flip.

All in all, I've come to the realization that we are going to have to evict, despite them never being late on rent. 

I just realized I didn't answer your question.