Since you already have an offer, it’s not really about whether the property will sit for six months, it’s about whether keeping it makes financial sense.

You should be able to take out a small loan using the property as collateral.

I am just out side of Elkhorn, WI and selling our property the is 5 blocks from the lake.

@Shaun OrtizEvaluating distressed properties remotely can be a little challenging but it's doable with the right tools.

Choose Multi-Unit PropertiesLook for duplexes, triplexes, or properties with ADUs.

@Cole Starin sometimes it makes sense to sell the WORST property in your portfolio.Another option is why do a LOC on the duplex, when you could just do a $100k cashout refi to pay off all your debt AND keep the property?

Your investment property - This you could do a 1031 exchange on and buy another property you intend to use for investment. 

These properties include different foreclosures and those that sell below their market value.

Quote from @Casey Wilson: Hi there, I was wondering if any Detroit-metro experts from the PB community could offer advice on what areas in the Detroit-metro area might be worth exploring for rental properties (ranging from single family homes to 5+ unit apartment complexes).

Depends on which property you pull equity from.