Hey Eyal, I am extremely experienced in the Detroit market.I own 12-doors there but live in California.

While still technically in seller’s market territory, inventory is well above extreme lows seen in recent years and has held steady for many months now.

My attorney has said it is extremely messy and possibly could have this hell of a tenant stay rent free with his junkie friends up to 6 months in the unit.

As in, would it sit for sale because it’s now “worth” 350k arv despite the ones around it in the same neighborhood being listed now at 250k, as an extreme example? 

Just feeling extremely weird.but buying a condo or house is almost double or triple the money.

The agreement is extremely vague.

The Oregon rules are extremely strict.

I know this sounds extreme, but it has happened.I'm not saying don't do it, but I think it is important to be realistic.

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.What else can we assist you with?

I have used the same property manager the entire hold and have had zero issues and extremely happy with management, tenant placement and help on property tax reduction.