As @Scott Wilcox and @Mike Carino mentioned, you need someone with boots on the ground in Detroit to vet the property because things can change dramatically by block.

Brie-I can see both sides of the argument, but I am surprised how well a good cleaning service can dramatically improve the appearance of a carpet at relatively low cost or labor.

Drive by at night on a Saturday...Neighborhoods can change dramatically even from street to street.

I'm pretty sure you just publicly admitted to mortgage fraud...With all due respect, you're being dramatic, if not misinformed.

So my biggest concern is if rents dramatically decrease such that my cash flow is impaired.

I can't decide whether to continue to try and invest a buy and hold strategy in this market as housing prices have risen and are continuing to rise so dramatically that 2-3bed/2bth condos are impossible to afford and cashflow.

Does your labor rate for skilled workers increase dramatically?

If you do your research and hire a quality PM, your workload will be dramatically reduced, your stress will go down, and your income will increase.

I'm trying to get focused in an area that may not bring as dramatic returns as the money flush pros look for.

In reality, offering materials are designed to sell and results can vary dramatically by sponsor and property.LP and GP interests are aligned when the sponsor says so.