Quote from @Roxanne Whitaker: Please be aware if you buy an investment property and do not live in MD, when you go to sell it you will pay an 8% tax at settlement. 

I'm just starting out an RE journey and am thinking of my first property this year.

Our Goal - buy this property with little money out of pocket.

If they pass the screening, also find out who is paying the deposit as that is the person you will be returning it to once they leave.

Another option is to invest in the market instead of paying down a mortgage.

Sometimes they forget to tell you that many tenants in Detroit don't pay (depending on the property manager skill and the type of tenant) - but taxes are very high in the city and so is insurance. 

If you only have a homeowners policy, and something happens like a fire or a guest gets injured, and the insurance company finds out you're renting out the house, you're in deep trouble. 

I truly hope this all works out for you.

I can absolutely understand how these experiences have drained the joy out of owning rental properties.

Out of 180+ clients, only 8 or 9 were local.