There are definitely some solid strategies that work well here, depending on your goals.Are you leaning more toward a traditional STR, or are you open to rent-by-the-room or medium-term rental strategies?

For properties under $300K, you can definitely find okay options in these areas.

. $220,000 is definitely a lower purchase price amount and really limits you on what you can buy.

It's definitely not late though!

Flipping and short-term rentals are definitely exciting strategies to build momentum.

The third property has a nice cash flow.I am wondering if there are steps I can take to reduce the cashflow issues of the 2 properties before obtaining another property, like pay down the mortgages or should I just save the cashflow from the third property to pay for any future expenses?

@Drew Sygit Very true, Detroit is definitely block by block market.

I am wondering if anyone has ever taken legal action against property managers, and if they think we have a potential case? 

I was also wondering if they have any value added services for looking at deals. 

I'll definitely check this out!