I would imagine it to be a big undertaking given the lots need to be cleared and they are not level. I

Im also very bullish on co-working as an emerging industry, if youre ever looking for growth capital via a private equity investment to help take your business to the next level I would love to get involved. 

With my current goals and comfort level, I chose not to go in that direction right now.  

Is that information best to be found at the city, county or state level?  (I

@Nathan Paisley Thanks so much for the input, and yes, I used to live in North NJ so amongst the other cities that are on Camden's level, I am very familiar with it!

Additionally, I am investigating the possibility of either living there in the future or further renovations (dormer) and then resell.Thank you for the feedback, the numbers at a more granular level is what i wanted some opinions on.

This industry, at least at the private level, is in its infancy.

The individual rate living below the poverty level is 36.4%; the family rate is 31.3%.[50]Urban decay[edit]This map shows vacancy rates of housing units in Wayne County, Michigan, and also in the city of Detroit.Dance floor of the Vanity Ballroom Building in 2010.The Film Exchange Building in 2012.Detroit has been described by some as a ghost town.[51][52] Parts of the city are so abandoned they have been described as looking like farmland, urban prairie, or even completely wild.[48]A significant percentage of housing parcels in the city are vacant, with abandoned lots making up more than half of total residential lots in many large portions of the city.[53] With at least 70,000 abandoned buildings, 31,000 empty houses, and 90,000 vacant lots, Detroit has become notorious for its urban blight.[51][54]In 2010 Mayor Bing put forth a plan to bulldoze one fourth of the city.[55] The plan was to concentrate Detroit's remaining population into certain areas to improve the delivery of essential city services, which the city has had significant difficulty providing (policing, fire protection, trash removal, snow removal, lighting, etc.).[51] In February 2013 the Detroit Free Press reported the Mayor's plan to accelerate the program.[56] The project has hopes "for federal funding to replicate it [the bulldozing plan] across the city to tackle Detroit’s problems with tens of thousands of abandoned and blighted homes and buildings."

@Tony Dragoo   I think that is a regional question and a market question.. if you in a non appreciating market and I would describe that as a market that moves 1 to 3% a year if your lucky compared to say SF Bay Area.. then I would not worry about owning .. but if you west coast  upper east coast DC  and other areas were you can get priced out of entry level I would buy first.  

You'd want to account for vacancy, property management, CAPEX, etc. to make sure you fully understood how the numbers would shake out, but at a high level I think this shows how leverage in many cases, can greatly increase your cash flow, leaving the amount of capital you have contributed fixed.