When a Class A apartment can be had for the same price as a Class B/C renovated unit, the B/C operator drops prices, and so on.But, in terms of making an investment decision, I think it is short sighted to rely purely on full market average data.  

The renovations his crew did were actually pretty good though. 

A permit was was pulled in 2019 to close out violations as the remarks indicate the home was renovated without permits.

Purchase price: $161,000 Renovating now What made you interested in investing in this type of deal?

Offering a streamlined process, no repairs or renovations prior to selling, no market costs or agents fees for my family member, in return I will gain invaluable experience in the market and in the field along with providing my family with wholesale services.

I will have 50K to start and I'm open to turn-key or a fixer upper (I have some experience with cosmetic renovations).

Full gut renovation, including but not limited to full replumb, full rewire, complete mechanical upgrades, and new apartment finishes from studs.

Quote from @Rou Odab: Hello everyone,We bought this house, and we're living in it and renovating it.

Yes, the city of Detroit has committed over $300 million to infrastructure and downtown renovations over the next several years, meaning long term appreciation gains should increase for the foreseeable future.........

Hello,I am interested in purchasing a recently renovated $195K property as a 'secondary' home for the next 4 years to use as a future LTR.