If you have any specific questions feel free to DM me.BP podcast is a good resource to learn all the ins and outs of real estate investment.

Is the unit set up for rent by the room in a good efficient way? 

Sounds good, I am also building a raised deck this spring.

Investing in the city is usually a good idea!

I don't know of anywhere with good data.

Raise fees on building permits, give tax credits on renovations.Suburban sprawl really hasn't been a good thing for the US.Of course, it's all about supply & demand.But, if you can figure out why more people want to live in Hazel Park (leading to teardowns & rebuilds) versus south Warren or Eastpointe (nothing happening) then you can make millions.

It's a good way to get started and learn the ropes without a lot of capital, but you need to make sure youre doing it correctly.

Would this be a good idea or even possible?

Good luck!

.- While doing due diligence for this property, I made sure it was in an area that was relatively good.