After that, I flipped 6 properties remotely in Memphis, TN which was enough to teach me that I want fewer headaches and moving parts.

The purpose of acknowledging this dangerous co-factor is not to shift blame rather, address the morbidity of such a speculative investment strategy.

Also, you may be assuming the property has no deferred maintenance, which is a dangerous assumption. 

@Giedrius C.It's pretty dangerous to give specific advice not knowing all your details, so take this as an idea to consider, not an advice to implement. 

I've found that the smaller banks with fewer branches are usually more likely to lend in such situations - especially the institutions that don't sell their notes on the secondary market.

Presumably there would be fewer repairs for new consruction... could that make the numbers work out? 

Fewer headaches, more residents that care about their credit, more desirable to live in, the list can go on and on.All the best

Advise ple Yes love this idea but is dangerous /risky.

I looked in Detroit and saw potential but the area seems too dangerous.

The peace of mind you will have will lead to fewer distractions and better overall investing decisions.