It doesn't make sense to you because you still don't understand the strategy.

If anyone is willing to share their experiences, advice, or point me towards resources that could help in understanding the market better, I would be immensely grateful.

@John Cooper I can understand your frustration.

None wanted to give me at least an estimate without architectural drawings, which I guess is understandable.

You have to be honest with yourself, understand the risks and assess if you can afford the negative cash flow.

If you are early in your career (would understand not having a lot saved early on) you should let your current job run for 8-10 years and save as much as you can (as painful as it may be, but remember building wealth isn’t easy either or everyone would be wealthy). 

Did you speak with them prior to purchase to understand their process?

It's difficult to understand your question.

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!

Lease or no lease, you need to follow the timelines that NYS set out from my understanding.