We owe around $75k on the loan, but the value is near $250k. 

I would highly suggest starting with a rougher but livable/rentable multi so that you can learn and make money without all the downsides.

However, part or all of the money to buy this property will be coming from someone else's account.

I don’t have a lot of money right now and I was considering putting my current home up for rent and moving into a new home in a new location. 

We just bought a house in a highly desired older neighborhood.The owner agreed to owner finance it with 5k down over 5 years at 0% interest.We did put some money into the house to fix it up some.The rental income will cover the payments.Always ask for owner financing, the answer might surprise you.Work with money partners to do more deals.Join your local Real Estate Club and learn new techniques and grow your network.

When you move all of your insurance under one insurer, they can also bid down your individual policies to help save you money.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

Please don't get distracted by the get-rich-quick crowd that's making money by selling their courses.

Sounds like you are throwing money away.   

I don't have experience with the Detroit Land Bank, but generally land banks are pretty reliable, but...they are low money buys (from $1 to $1,000) that require you to show proof of funds for the rehab.