It has one of the highest poverty rates in the country, declining population, and not much going for it.

I would appreciate a meaningful conversation with an authoritative person on this topic, not in the forums.Can you address the decline of lead quality I and others are experiencing? 

Here’s how each factor might play into your strategy:Bear Market: When home prices are declining, flipping can be riskier because the value of the property could decrease during the renovation period.

At first Detroits decline was in very small increments.  

He then sent out his prediction newsletter to the 2500 for which he had “correctly” predicted a gain.  1250 newsletter predictions were for a rising market; the other 1250 were for a decline.  

It goes deeper than that.NYC Liberal policies, including strong tenant protections, increases the risk of failure so much that the risk far outweighs the rewards.Financial ruin is just around the corner for the small Mom and Pop Property Investor that it doesn't make sense for them.The Tenants will have free Attorneys that are bent on delaying eviction cases so long that it stretches into years while Mom and Pop suffer from lack of rental income and still have to pay all the bills and do the management.Additionally, the increase in homeless living rough in the streets due to Sanctuary laws causing a lack of shelter beds, then evicting shelter residents after 30 days creating more homelessness, policies that tie up the Police's ability to arrest perpetrators, etc. only causes Mom and Pop to sell out at large discounts to larger Landlords who are capable to use Economies of Scale to eek out a profit.These larger Landlords will eventually turn a much higher profit as the pendulum will eventually swing towards the middle when the NYC Voting population eventually realizes that it's not a conspiracy of the Rich that's causing the Wealth Gap to increase.It's the same liberal laws that encourage people to become lifelong tenants, small Entrepreneurs (including Property Owners and small Mom and Pop Businesses) to be destroyed, and Rents to rise astronomically as housing becomes scarer even when the population declines by as much as 7% in the last several years. 

The city told us that the previous owner of the house owned a lot of land made up of 6 houses, he submitted a subdivision application with the city but they declined it and told him all the requirements he still had to meet.

An email marketing funnel for re-booking is nice, but it's barely keeping up with the year over year decline in rents due to saturation (quantity saturation AND quality saturation) and shifting travel trends.  20 years ago your hot tub made your listing an all-star. 

Never invest in any location with a stagnant or declining population WikipediaLow crime - A rental property is no better than the jobs around it.

But at the end of the masterclass they asked me to join their mentorship which was 20k in 2023 so I declined.