I currently live and invest in the area and know my market but many of out of state investors get taken advantage of if there don't play an active role Detroit.

I completely understand your point about pricing adjustments driving faster leases, but my experience has shown that other factors play a significant role in a rental's performance over time.For example, I own three rentals with very different dynamics:1. 

You will not have the rate long enough for it to interfere with your current and proposed profits.This is where having a good team comes into play for example having a seasoned realtor who knows the market on the purchase/ARV side.

U can target any real estate  although its quite robust for what your looking for.. we go for land and development land for the big money plays

Your expertise, experience, and intuition in real estate play a crucial role in making a good deal happen.

And in part, it depends on the investors and capital that you have access to (this tends to play a factor in many decisions when raising outside capital).If you do want to go the fund route, you might want to consider using Avestor. 

You’ll be playing for appreciation and rent growth.

That can play a big part when issuing terms. 

Could mineral rights come into play? 

And dont know about Ken.. but his partner for sure was very versed in sub to.. the information was accurate as we both kind of played in the northwest sandbox . and before sub to foreclosure rescues / rent backs became illegal in about 08 I personally did a few hundred of them.