We're probably not going to take the risk if we're busy agents to play that game. 

Cash flow is real, but it’s often a long-term play.

I currently live and invest in the area and know my market but many of out of state investors get taken advantage of if there don't play an active role Detroit.

If you understand the math of it all it should come very clear, the game is NOT best played (1) buying in all cash, (2) buying and sitting on a property for decades on end. 

@Tom HallAt 7% if you can I would pay it down as investing it net after tax gains may not get you the 7% you are paying - so it’s less riskDownside is you lose liquidity of that money as it’s tied in your propertyIf rates come down in future you can refinance and even take some of the cash out.Regarding your question are rates coming down, a lot of factors come into play but right now it does not appear there will be significant changes to rates over next 3-6 months.

Maybe talk to the city and see what the process is.Now of course you don't know how things are going to play out.

That is our Bible or road plans for repositioning value plays in good hard working blue Collar areas of Ohio.  

Again, fair play for a major business like this, but it's the old guard who have held up the forums for years, even with their technological ineptitude.

A little extra bonus is that you are learning with small amounts.

Many of them won't be convinced by facts, such as how much revenue STR's facilitate in and around Asheville, and will continue to push debunked sentiments about affordable housing, but the threat of lawsuits might make them play nicer.