It was rust looking because of the fertilizer she used Another said the insulation was too deep in the attic and could start a fire  🤨 My friend is a fire safety inspector   He took a look, said the inspector was completely wrong 

Do a deep dive into the market.

At the time I was waist deep into market research, learning REI strategy, and reading some books on rehab.

On this list are hedge funds and guys that are flipping 20 properties at a time with deep pockets who commonly buy stuff sight unseen within 5 minutes of looking at the pics and running some back of the napkin numbers.

Pick a strategy and learn everything you can on that strategy (and of course your target market).Education is your foundation so do you want a strong and deep foundation, or a mickey mouse one?

Deep Pockets Landlord.

I bet if you put some work into this that you'd find out they have some account deep in the balance sheet that where all the unused funds from that 7% accumulate or that was a plan. 

Always easier to succeed close to home.Also, unless you plan to pursue STR market, up north doesn't offer comparable returns to the Metro Detroit market.You might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:https://www.biggerpockets.com/...

If that amount is too high for you, is there a way to structure things where you're not coming too deep out of pocket to take the deal down? 

JV or option to the PM and then you relieve yourself of the property.