I flip rentals as a primary and do it in pretty high volume & use any spare revenue not reinvested in this business to buy very high yield stable MFR in working class neighborhoods.

@Shibashis Dutta Detroit has 183 Neighborhoods - some you want to invest in, some you don't.We've got them all on our website and have info on ranking them.What else are you looking for?

I've flipped several properties in Eastwood Hills East and surrounding neighborhoods, with about half selling to homeowner occupants and the other half sold to investors with tenants already in place.That said, the specific property you're considering is key.

They were getting a fair amount of leads but most of them honestly were either duds or low end properties. 

Aeroplan is probably my favorite because I can use my Chase, Cap 1, or Amex points and they have low taxes/fees. 

Before you spend your money here, check out The Ultimate Guide to Grading Cleveland Neighborhoods for a lay of the land.

My tenant is complaining that it's driving unnecessary attention from the neighborhood to his home and wants us to move it.

It was truly the wild west.For the same reason I said several years ago the price of houses weren't going to crash due to supply and demand and the supply being so low, I believe the same thing is going to happen out here.There was an oversupply of building going on 2 and 3 years ago out here especially on the bigger cabins.

I don't have experience with the Detroit Land Bank, but generally land banks are pretty reliable, but...they are low money buys (from $1 to $1,000) that require you to show proof of funds for the rehab.

Even at 280 it leaves you at $32k and after taxes brings you down in the low-mid 20's, with no hiccups.