But there is a reason Detroit is that low, it's considered somewhat of a gamble to invest there.

It is also within easy reach of gambling/entertainment.

Sheesh, very sorry to hear that Albert.I’ve got people offshore managing my properties at a very high quality for a fraction of the cost, something worth considering.They handle everything themselves and rarely need to get me involved in anything, it is the perfect hands off low cost operationhttps://www.biggerpockets.com/...

I had another 14 year old one that was right next to it, working normally but I decided to gamble by replacing it as well (cost me $800 each).

Stacking cost is easier than value.I blame HGTV for that: the hero's make a risky choice, but the gamble pays off.

@Eric Gamble So true.

thanks  , looking into 2 or 3  single family homes ...3-1  ...great price  , but rents are about 700 /month   , according to realtor  , better side of town and i also have a friend that lives 15m  away  , i am gonna gamble and try and close on 2 homes  , thanks again for insight

http://www.pbs.org/wgbh/pages/frontline/retirement-gamble/?

Being "sure" you will get something of a CoC higher than cost of financing the car is a gamble without validating that assumption, which is what my point was: work the numbers out to gain confidence in that common sense.

If I was a gambling man, I would say you got it in Columbus or Cleveland, question is if you found it in a good part of town or the bad.