Would I still have to go through closing lawyers and get the deed updated to my name or LLC? 

Keep the property clean, updated and rented to good tenants.

If you update to max number of conventional units, you will be able to add an ADU for each conventional unit

I did that out of necessity with my first 2 houses and was able to buy in a nicer neighborhood than I could actually afford because they weren't updated. 

I'm currently living in Hawaii and I'm excited to enter the Detroit market and keep everyone updated along the way.

Purchase price: $275,000 Cash invested: $45,000 Sale price: $400,000 Contributors: Adam Schooley This townhouse, which had gone through probate, suffered from significant water damage to the drywall and required updates throughout.

Purchase price: $275,000 Cash invested: $45,000 Sale price: $410,000 Contributors: Adam Schooley This townhouse, which had gone through probate, suffered from significant water damage to the drywall and required updates throughout.

HI, I wold defimitley update  the photos.

@Drew Sygit @Gregory Schwartz From this HUD map it is 17 States/DC, and another site says 22 States which may reflect some more recent updates.

So, if your current rent roll is still on the lower side, it could limit the amount you can borrow right now.However, if you have even a partial track record showing improvements.. say a few of the units are already updated and attracting higher rents.. a lender might take that into consideration when underwriting.