After a year or so they then sell the property and do a 1031 exchange. 

I didn't know there was a different type of insurance that I needed.I had bought the home with a standard mortgage and standard insurance and then I decided later that I would flip it. 

Most building codes and HUD standards require bedrooms to have windows for egress and ventilation.

What may the property be worth then and how much cashflow might it be generating?

At the time QB was not the best for property management.

I work with investors who are looking for LTR's with turn-key properties.

There are so many fewer properties of that size.A couple of investors who have been tremendously successful with SFH and small multi - Chad Carson, Michael Zuber.

Hire a property management company who will manage it for you.

@Isaac Terry Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Does anyone own rental properties in Detroit?