Given the location and how the town has been developing it seems like a good investment opportunity for rentals.

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The population is officially growing again, and there’s been a lot of investment in infrastructure and development in recent years, which makes it unique compared to some other Midwest markets.One thing to keep in mind, though, is that Detroit is very much a block-by-block city.

My piece of advice would be to research emerging neighborhoods and focus on areas with strong job growth and infrastructure development. 

Where single family rentals weren't exciting to me, building and developing land and redeveloping old spaces really intrigued me.

Quote from @Andy Tack: Hi Lance, we are developing a project that is partially in a flood zone also.

Hi David,I’m just entering the flex space development space and recently joined a mentorship program to deepen my knowledge (I do have experience in commercial MF).

For the community development dept, you'll need proper plans (architect), site survey, permits, etc. when you're ready. 

Hi Brett - local PM here - we have a few development projects, small multifamily and tonwhouses that we are gearing up for sale in the next 6 months.

He took the new development appreciation approach.