And they need to be tailored to what you can pick up about the recipient regarding their culture and all.

I have two properties where I ran into this issue.

Then, take that money and repurpose it into something better.Door culture is crazy.

Until i ran into it all, faced it, worked through it and got good at turning problems into profits. 

The culture of fragility is horrifying.

Strong rental demand: With major employers like the Cleveland Clinic and University Hospitals, along with a growing arts and culture scene, Cleveland attracts a steady stream of renters.Revitalization efforts: Many areas of Cleveland are experiencing significant revitalization, which can lead to increased property values and appreciation potential.I can't comment on the Detroit market specifically, I have never been and have never done any research on it!

I ran the numbers and it seems i would after some value add to the property, but I'm more worried about the financing.

Having lived there a year it is a foreign country and many things are different and culture etc plus you have the native peoples that own huge amounts of real estate and They dont pay income tax and they get food and gas for way cheaper etc etc..

I ran some very basic numbers on option 1 and if you can get a ST/MT rental per your comments and other assumptions you list, this could be a deal for you.

You must hire locals who are familiar and acclimated to the culture of the city you plan to create rentals in.