I don't love Belleville anecdotally or when I do some basic research.

1) lease to own - Basically arbitrage model but use option to protect investment. 

I know people who do this and I do not believe there are issues with it, but speak to an attorney and they should probably notify the company if they are an employee of that company that they are doing this.

Basically unsellable wrap notes, blatant violations of Dodd Frank, borderline fraud, the list goes on. 

@Dwane Twente so this is basically a rental arbitrage company.   

You basically have "Growing but no cash flow" or "Stagnant growth but good cash flow". 

What would you do in my shoes I don’t invest there so take this with a slight grain of salt but I’ve heard multiple stories of basically this exact scenario someone getting offered a big payday for something in Cumberland, rejecting it & always for some reason (house burned down, block got worse, sheetz decided they actually didn’t want someone’s land for a car wash after all) always selling for like 10-20k and regretting not selling. 

If it takes you two months two find a tenant willing to pay $1,700, then you'll still basically break even in the long run - the net to you is the same. 

A real basic guess is 30 houses each cashflowing $1,000/month.In Metro Detroit, this means $1500+ in rent, with the difference convering taxes, insurance, maintenance and vacancy - NO MORTGAGE!

As @James Wise and others point out; Do the basics.