If I did this would be a moderately risky opportunity to make the return I’m looking for.

I am surrounded by low and moderate density housing throughout the area despite all the lots displaying the same R-2-N classification on the City Planners website.

Looked for a moderate three bedroom in going area How did you finance this deal?

There are HUNDREDS of these groups around the world, moderated by local hosts in each area.  

They are average working people who either decided to rent out their starter/inherited home or those that saved enough money to buy 1-3 moderate rental properties. 

As it stands there is a moderate amount of natural light in the space, not a ton but it's also not a cave. #3 would be about $2.5k more expensive with a down-draft range but we get to keep the natural light from the window.

(Moderator) is from Texas so he would know the kinds of standard documents that the parties would sign at a Closing.  

It's the cities that border Detroit that you can buy: (General Numbers, can provide PDF reports and example properties for specifics)- B-,C+, C, C-,  Neighborhoods- 3 Bedroom 1 bath 1,000 sqft- $50k-$85K purchase- Rent $800-$1200- Very Light, Light, or moderate rehabs- ROI (12%-18%)- $200-$400 cash flow per door. 

Mortgage rates are at 4% right now investing is very profitable with a moderate amount of leverage. 

That's at least another $3 psf, what happens if it needs moderate foundation work, thats another 3-4$ psf at least.