If this was a piece of land in midtown or downtown that would be totally different than a piece of land on a rough block in the east or west side of Detroit. 

The BP one is a little bit more.https://www.zillow.com/homedetails/298-East-Ave-Bridgeport-C...I used to be around that area a decade ago. 

Just to clarify though, East English Village is on the east side:)Ali, have you seen our list of Detroit Neighborhoods?

I think going with a smaller boutique family property company could be a good middle ground.

However, the rents are slightly lower and could potentially wipe out your monthly cashflows with one major repair.As for higher appreciation market like West/East Coast, it's more expensive, but rents are higher due to a strong labor market, there will be a certain amount of demand for those markets, but the downside is that you will need to be creative by adding more values for the property.

Secondly, GC's can generally get better pricing from suppliers, and unless you have a strong relationship with your subs, they may disappear for a higher paying job in the middle of your project.

Customers with good credit end up paying more when they use a "Broker" or Lender who are simply the "middle men".The other thing is there are new programs that only require 15% down for 2-4 units and almost all lenders and brokers require 20% to 25% or more for 2-4 unit multifamily investment purchases.

Avoid The Glen, Indian Creek, Marbach/Lakeland areas, Denver Heights, and some East side areas.

Most of my clients purchase turnkey investment properties in areas like Old North, Merion Village, Southern Orchards, Old Towne East/King-Lincoln Bronzeville, Driving Park, North Linden, North Hilltop, Franklinton, Reynoldsburgh, and Hungarian Village.

But as many of us have concluded it’s mainly hitting the mediocre middle and lower end cabins.