If these houses have stable long-term tenants, I share your concern.

However, a lot of concerns can be mitigated with looking at their past rental behavior in a lot of different settings.

What specific concerns or opportunities are you seeing in your market?

For example, if you have no experience in land development - that is extremely complex and risky compared to owning NNN rentals. 

Yes, this is my concern.

Your wanting to do high-risk via extreme leverage....via high risk OOS investing, committed to never being boots-on....... via high risk class c....... doing reno's to make habitable which is high risk at a level we should just call it EPIC risk..... 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

I'm not saying the list is ridiculous,  because all safety concerns should be addressed.

This was extremely frustrating since he charges a pretty penny for closings.Based off my experience I would not recommend him for a 1031 transaction.

I've only been made aware of this less than 24hrs ago, but that is one of my concerns.