When I worked with a property management company, we had someone buy a unit (single family) that had a STR and marketed it as a STR.

If so, you may be able to wholesale the property to someone (perhaps even someone in one of those $400,000 houses) in such a way that you and your grandmother come out whole.

., from flips to long-term holds, or from multifamily to single-family)? 

I'm not even sure I would classify anything I posted as a complaint.

Very likely the condo project would not even be eligible for an FHA loan.

I see that REI nation has zero available for Huntsville, and my impression is that  even turnkey operators can't make the numbers work here right now. 

The intricacies tax planning with a rental are worth hiring a professional, even if you just do it once for an overview. 

On top of that, the rent-to-price ratios in Detroit often outperform other markets, which can mean solid cash flow alongside appreciation potential as the city continues to grow.The key with Detroit is understanding the nuances of the market—it has a large footprint, and neighborhoods can vary drastically, even block by block.

Was thinking a single family home 2 to 3 beds.

I''ve only heard of ones existing who work on large constructions projects, not small single family home investment properties.City inspectors will inspect as part of the permit process.